Problem $10-2($Static$)$ Acquisition costs; land and building $[$LO$10-1,10-2,10-7]$

On January $1,2024,$ the Blackstone Corporation purchased a tract of land $($site number $11)$ with a building for $$600,000.$ Additionally, Blackstone paid a real estate broker$$s commission of $$36,000,$ legal fees of $$6,000,$ and title insurance of $$18,000.$ The closing statement indicated that the land value was $$500,000$ and the building value was $$100,000.$ Shortly after acquisition, the building was razed at a cost of $$75,000.$

Blackstone entered into a $$3,000,000$ fixed$-$price contract with Barnett Builders, Incorporated, on March $1,2024,$ for the construction of an office building on land site $11.$ The building was completed and occupied on September $30,2025.$ Additional construction costs were incurred as follows:

Plans, specifications, and blueprints$ $12,000$Architects' fees for design and supervision$95,000$

To finance the construction cost, Blackstone borrowed $$3,000,000$ on March $1,2024.$ The loan is payable in $10$ annual installments of $$300,000$ plus interest at the rate of $14\%.$ Blackstone$$s average amounts of accumulated expenditures were as follows:

For the period March $1$ to December $31,2024$$ $900,000$For the period January $1$ to September $30,20251,200,000$

Required:

Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site $11$ as of September $30,2025.$

Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September $30,2025.$