Wesley Hospital installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,000. Which of the following statements is true with respect to these additions?

$30,000 should be debited to the Land account. $12,000 should be debited to Land Improvements $42,000 should be debited to the Land account. $42,000 should be debited to Land Improvements