Maria Manufacturing Co. was incorporated on 1/2/17 but was unable to begin manufacturing activities until 8/1/20 because new factory facilities were not completed until that date. The Land and Buildings account at 12/31/20 per the books was as follows:

Date Item Amount
1/31/20 Land and dilapidated building $244,000
2/28/20 Cost of removing building 4,880
4/1/20 Legal fees 7,320
5/1/20 Fire insurance premium payment 6,588
5/1/20 Special tax assessment for streets 5,490
5/1/20 Partial payment of new building construction 256,200
8/1/20 Final payment on building construction 256,200
8/1/20 General expenses 36,600
12/31/20 Asset write-up 91,500
$908,778

Additional information:

1. To acquire the land and building on 1/31/20, the company paid $122,000 cash and 1,000 shares of its common stock (par value = $100/share) which is very actively traded and had a fair value per share of $228.
2. When the old building was removed, Maria paid Kwik Demolition Co. $4,880, but also received $1,830 from the sale of salvaged material.
3. Legal fees covered the following:
Cost of organization
$3,050
Examination of title covering purchase of land
2,440
Legal work in connection with the building construction
1,830
$7,320
4. The fire insurance premium covered premiums for a three-year term beginning May 1, 2020.
5. General expenses covered the following for the period 1/2/20 to 8/1/20.
President's salary
$24,400
Plant superintendent covering supervision of new building
12,200
$36,600
6. Because of the rising land costs, the president was sure that the land was worth at least $91,500 more than what it cost the company.

Determine the proper balances as of 12/31/20 for a separate land account and a separate buildings account.

Land =?
Buildings =?