Exercise 2 Chapter 10 Property Plant & Equipment (PPE) On May 1, 2021, Roprin Corp. acquired a property (land and Old Building) where it plans to construct a building for commercial premises. Roprin paid $ 90,000 in cash. The Old Building on the property was demolished at a cost of $ 10,200, the rubble material sold for $2,200. Additional costs incurred in acquiring this property include $ 2,300 for legal fees, $ 4,500 for commissions paid to the selling agent, $ 10,400 for architect's fees, and $ 12,000 for parking, lighting and streets Instructions: (a) Determine the amount to be presented in Roprin's Financial Statements for the cost of the Land. Descripcin transaccin Cantidad Total (b) For each cost that was not used for the Land account, indicate the account to be debited. Description Transaction Account Name Quantity