Waterway supply company, a newly formed corporation, incurred the following expenditures related to land, to buildings, and to machinery and equipment. abstract company’s fee for title search $780 architect’s fees 4,755 cash paid for land and dilapidated building thereon 130,500 removal of old building $30,000 less: salvage 8,250 21,750 interest on short-term loans during construction 11,100 excavation before construction for basement 28,500 machinery purchased (subject to 2% cash discount, which was not taken) 82,500 freight on machinery purchased 2,010 storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 3,270 new building constructed (building construction took 6 months from date of purchase of land and old building) 727,500 assessment by city for drainage project 2,400 hauling charges for delivery of machinery from storage to new building 930 installation of machinery 3,000 trees, shrubs, and other landscaping after completion of building (permanent in nature) 8,100determine the amounts that should be debited to land, to buildings, and to machinery and equipment. assume the benefits of capitalizing interest during construction exceed the cost of implementation. ( leave spaces blank if there is no answer. do not enter zeros in those spaces.)