I need help in solving the below 2 questions (possibly using ACC 310 methods) Thanks!

The building was purchased several years ago and has been used in the business. In January of 2023, the following transactions occurred related to the building: - On January 1, the building was demolished at the cost of $30,000 cash. - On January 10, scrap metal generated from the demolition was sold for $10,000 cash. - On January 25, Tenko Corp. recorded the full disposal of the building. The January 25 journal entry should include a: A. Loss of $1,000,000 B. Loss of $1,010,000 C. Loss of $1,030,000 D. Loss of $1,040,000 E. Loss of $1,020,000 2. Blue Inc. purchased 15 acres of land for $300,000 in cash with plans to build a new building on the site. The land had an old building on it at the time of purchase that was immediately demolished on the purchase date at a cost of $9,000. Blue sold the salvaged material from the old building for $5,000 in cash. Blue also incurred the following costs related to the land: - Commissions paid, $8,000 - Title insurance, $3,000 - Land survey, $1,000 - Grading of the land, $7,000 What should be the capitalized cost of the land? A. $314,000 B. $323,000 C. $333,000 D. $328,000 E. $319,000