Swift Current Company, to construct a new office building for themselves, purchased a tract of land with an old unsuitable building on it. They plan to remove the building and make the following transactions. Prepare a schedule showing the amounts to be recorded as Land, Building, Equipment, and Operating Expenses. (10 marks) Survey of the site for the new building Removal of old building Legal fees for title search of property Construction costs of new building Architect's fees Purchase price for land and existing building Electricity to operate machinery once installed Excavation for construction of basement Purchase of machinery and equipment Freight on machinery purchased $ 55 $ $ $ $ $ $ $ $ $ 5,796 16,558 717 1,121,303 8,027 112,183 561 1,831 66,758 1,153