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Question: on january 1 2018 carriage corporation purchased a parcel of...

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On January 1, 2018, Carriage Corporation purchased a parcel of land to be used as a retail store site. An old building on the property was immediately demolished and construction began on a new store that was completed on November 1, 2018. Costs incurred on the construction project are listed below $320,000 12,000 30,700 4,100 850,000 16,000 14,000 13,900 9,600 39,000 5,000 4,000 15,000 2,000 2,200 6, 500 18,000 3,000 Capitalized interest during construction . . . . .. . . . . . . . Imputed interest based on stock financing .. . . . . . . . Landfill for land site . .. .. . . . .. . . . . . . . . .. . Clearing of trees from site . . . . . . . .. . . . . . . . Temporary buildings used for construction activities . Injury to worker during construction of building. .. .. . Excavation for foundation for the new store . . . . . . . Cash proceeds from sale of salvaged materials from demolition Insurance on building during construction .. . .. . . . . . . . Delinquent property taxes paid to acquire the land site City property tax assessment for water and sewer . . Cash proceeds from sale of timber .. . . . . . .. . REQUIRED: 1) List the items from above that would be included in the cost of the land and calculate the total cost of the land Not all items listed above may be needed. Show your work! 2) List the items from above that would be included in the cost of the new store building and calculate the total cost of the building. Not all items listed above may be needed. Show your work!

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