The items below represent expenditures related to the construction of a new office building Cost of land........ $210,00 Cost of removing old building ... 1,000 Grading the site..... 5,000 Cost of building permits 4,500 Cost of paving parking lot 20,000 Legal fees relating to land purchase.. 2,000 Payment of delinquent property taxes........... 4,500 Payment of building contractor. 1,000,000 Interest cost incurred during construction. 40,000 Cost of fencing...... 5,000 The proper balances for the Land account and the Building account should be The proper balances for the Land account and the Building account should be: O A Land $217,000 and Building $1,000,000 O B. Land $213,500 and Building $1,001,000 OCLand $222,500 and Building $1,044,500 D. Land $220,500 and Building $1,041,000