ABC products is relocating its Human Resources department to an unused space closer to the main admin building. The 4000 square foot space is empty and has not been used in several years. The Personnel Dept VP is overseeing the conversion and relocation of the HR department. ABC products maintenance people will perform the move. The VP of personnel has asked the maintenance foreman to prepare a list of what needs to be done to make the space ready for occupancy. The maintenance foreman provided the following list of tasks. Assume that the labor will be performed by contractors and that the cost below include the labor charges.
- Painting (the current calls have peeling paint) estimated cost $15,000
- Replacing the wood floors with tile to increase the life of the space $34,000
- Installing wiring for computers $18,000
- Installing new modular unites for work space $124,000
- Removal of old modular units $12,000
- Sale of old modular units $5,000
Prepare the potential entry for the items above. Make only one combined entry.