View Policies Current Attempt in Progress Cullumber Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit 1. Excavation costs for new building $38.000 2. Architect's fees on building plans 48.000 3. Full payment to building contractor 655,000 4 Cost of real estate purchased as a plant site (land $270,000 and building $25.000) 295,000 5. Cost of parking lots and driveways 44.000 & Accrued real estate taxes paid at time of purchase of land 4670 7 Installation cost of fences around property 8.300 B Cost of demolishing building to make land suitable for construction of new building 46.000 9. Real estate taxes paid for the current year on land 7,900 $1.146870 Credit 10. Proceeds from salvage of demolished building $13.500 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable in the account title column. Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses es (451) Other Accounts Item Land Building Amounts Account Title 1 $ 2 O