Question 6 View Policies Current Attempt in Progress The expenditures and receipts below are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. $(294,600 ) (a) (b) Money borrowed to pay building contractor (signed a note) Payment for construction from note proceeds 294,600 Cost of land fill and clearing 10,250 Delinquent real estate taxes on property assumed by purchaser 7,170 Premium on 6-month insurance policy during construction 11,100 Refund of 1-month insurance premium because construction completed early (1,850) 26,350 Architect's fee on building Cost of real estate purchased as a plant site (land $208,600 and building $51,900) 260,500 Commission fee paid to real estate agency 9,500 0) Installation of fences around property 4,120 Cost of razing and removing building 10,230 (1) Proceeds from salvage of demolished building (5,160) 13,980 19,980 (m) (n) (o) (p) Interest paid during construction on money borrowed for construction Cost of parking lots and driveways Cost of trees and shrubbery planted (permanent in nature) Excavation costs for new building 12,900 2,730 Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be reported in parentheses. (Enter receipt amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Land Improvements Other Non-Property, Plant, and Equipment Land Building e Textbook and Media List of Accounts