Wildhorse Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Expenditures $13,980 1. Excavation costs for new building 37,750 2. Architect's fees on building plans 3. Full payment to building contractor 679,800 4. Cost of real estate purchased as a plant site (land $274,000 and building 302,900 $28,900) 5. Cost of parking lots and driveways 37,830 6. Accrued real estate taxes paid at time of purchase of real estate 2.410 7. Installation cost of fences around property 8,280 8. Cost of demolishing building to make land suitable for construction of new building 25.400 9. Real estate taxes paid for the current year on land 6,560 $1,114,910