Your answer is partially correct. Try again Cullumber Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order Expenditures $13,310 38,810 667,900 299,200 35,350 2,780 6,150 29,600 6,310 $1,099,410 1. Excavation costs for new building 2. Architect's fees on building plans Full payment to building contractor 4. Cost of real estate purchased as a plant site (land $273,600 and building $25,600) 5. Cost of parking lots and driveways 6. Accrued real estate taxes paid at time of purchase of real estate 7. Installation cost of fences around property 8. Cost of demolishing building to make land suitable for construction of new building 9. Real estate taxes paid for the current year on land Receipts 10. Proceeds from salvage of demolished building $11,000