A company made the following expenditures in connection with the construction of its new building:
Architect's fee's for new building $12,000
Cash paid for land and run-down building on the land 300,000
Removal of old building $18,000
Salvage from sale of old building materials (4,000)
Construction survey to site the new building $1,500
Legal fees for title search $3,000
Excavation for basement construction $25,000
Machinery purchased for operations $100,000
Storage charges on machinery because building
was not ready when machinery was delivered 900
Freight on machinery purchased $1,600
Hauling charges to delivery machinery from
storage to new building $300
Construction costs of new building $1,000,000
Landscaping $20,000
Installation of machinery $2,500
Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.