Check my work On January 1, 2018, the Blackstone Corporation pur Blackstone paid a real estate broker's commission of $43,000, legal fees of $9,500, and title insurance of $21,500. The closing statement indicated that the land value was $535,000 and the building value was $135,000. Shortly after acquisition, the building was razed at a cost of $82,000. d a tract of land (site number 11) with a building for $670,000. Additionally. Blackstone entered into a $3,700,000 fixed-price contract with Barnett Builders, Inc., on March 1, 2018, for the construction of an office building on land site 11. The building was completed and occupied on September 30, 2019. Additional construction costs were incurred as follows: $19,000 91,000 Plans, specifications, and blueprints Architects fees for design and supervision To finance the construction cost, Blackstone borrowed $3,700,000 on March 1, 2018. The loan is payable in 10 annual installments of $370,000 plus interest at the rate of 12%. Blackstone's average amounts of accumulated building construction expenditures were as follows For the period Harch 1 to December 31, 2018 For the period January 1 to September 30, 2019 $ 970,000 (including capitalized interest for 2018) 2,650,000 Required 1. Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site 11 as of September 30, 2019. chedule that discloses the individual costs that should be capitalized in the office building account as of September 30, 2019. 2 of Hi Next > Check r z. Prepare a scheaule tnat aiscioses the inaiviaual costs 2019 tnat snould be capitalizea in the orfice buiaing account as ot Septembe Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September 30, 2019. BLACKSTONE CORPORATION Capitalized Cost of Office Building As of September 30, 2019 Total capitalized cost, September 30, 2019 $ K Required 1 omework Assignment G Help Save & Exit Check r Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site 11 as of September 30, 2019. BLACKSTONE C RATION Land Account (Site Number 11) As of Septem r 30, 2019 September 30, 2019 Required 2>