View Policies Show Attempt History Current Attempt in Progress I Your answer is partially correct. Wildhorse Supply Company, a newlyformed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for title search $988 Architect's fees 6,023 Cash paid for land and dilapidated building thereon 165,300 Removal of old building $38,000 Less: Salvage 10,450 27,550 Interest on short-term loans during construction 14,060 Excavation before construction for basement 36,100 Machinery purchased (subject to 2% cash discount, which was not taken) 104,500 Freight on machinery purchased 2,546 Storage charges on machinery, necessitated by noncompletion of Question 2 of5 2.13/16 E Hauling charges for delivery of machinery from storage to new building 1,178 Installation of machinery 3,800 Trees, shrubs, and other landscaping after completion of building (permanent in nature) 10,260 Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benets of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be record ed. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.) Question 2 of 5 2.13 / 16 : $ 988 $ $ $ $ e Textbook and Media Save for Later Last saved 3 days ago. Attempts: 2 of 15 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes.Question 2 of 5 2.13 / 16 Land Buildings Machinery and Equipment 7 $ 988 Abstract fees Architect's fees Cash paid for land and old building Removal of old building Interest on oans during construction Excavation before construction Machinery noon noon ooo purchased Freight on machinery Storage charges caused by noncompletion of building New building Assessment by city Hauling charges machinery Installation - machinery Innn Landscaping $ $