$On$ January $1,2025,$ Whispering Corporation purchased for $$610,000$ a tract $of$ land $(site$ number $101)$ with a building. Whispering

paid a real estate broker's commission $of$ $$43,920,$ legal fees $of$ $$7,320,$ and title guarantee insurance $of$ $$21,960.$ The closing

statement indicated that the land value was $$610,000$ and the building value was $$122,000.$ Shortly after acquisition, the building was

razed $at$ a cost $of$ $$65,880.$

Whispering entered into $a$ $$3,660,000$ fixed$-$price contract with Slatkin Builders, Inc. $on$ March $1,2025,$ for the construction $ofan$

office building $on$ land site number $101.$ The building was completed and occupied $on$ September $30,2026.$ Additional construction

costs were incurred $as$ follows.

Plans, specifications, and blueprints $$25,620$

Architects' fees for design and supervision $,100,040$

The building $is$ estimated $to$ have $a40-$year life from date $of$ completion and will $be$ depreciated using the $150\%$ declining$-$balance

method.

$To$ finance construction costs, Whispering borrowed $$3,660,000on$ March $1,2025.$ The loan $is$ payable $in10$ annual installments $of$

$$366,000$ starting $on$ March $1,2026,$ plus interest $at$ the rate $of10\%.$ Whispering's weighted$-$average amounts $of$ accumulated

building construction expenditures were $as$ follows.

For the period March $1to$ December $31,2025,$$$1,586,000$

For the period January $1to$ September $30,2026,2,318,000$

$(a)$

Prepare a schedule that discloses the individual costs making $up$ the balance $in$ the land account $in$ respect $of$ land site number

$101asof$ September $30,2026.$

WHISPERING CORPORATION

Cost $of$ Land $(Site$ #$101)$

$Asof$ September $30,2026$