Problem 10-6 Your answer is inconrect. Try again. Grieg Landscaping began construction of a new plant on December 1, 2017. On this date, the eengey pochased pace 'anavimooonatt. Inaaen ta 2,000 in surveying costs and $4,000 for a title insurance policy. An old dweling on the premises was demolished at a cost of s3,000, with s1,000 beirg recervied fom of materials rchitectural plans were also formaled on December 1, 2037, when the architect was paid $30,000. The necessary building permits costing $3,000 were abtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2018 as follows Study Amount of Payment 240,000 Date of Payment March 1 May 1 0,000 The buleng was conoleted on My 1.2018. , 2b17,Gnieg had ne oher borrowings. The To fnance conestruction of ths lant, Grieg bonowed so00,000 from the bank on December t bearing interest at . 2011 ,an-er tee 0 decimal places Compube the of the folowns aoones at December 31, 2017, and D omer (a) Balance in Land