Q$1.$

$(12$ marks $)$

Assume that on November $1,2018,$ Shalla Company contracted Pfeifer Construction Co$.$ to construct a building for $$2,700,000$ on land costing $$300,000($purchased from the contractor and included in the first payment$).$ Shalla made the following payments to the construction company during $2019.$

$\backslash$table$[[$January $1,$May $1,$October $1,$December $31,$Total$],[$$$550,000,$$$720,000,$$$900,000,$$$830,000,$$$3,000,000$