Flint Landscaping began construction of a new plant on December 1, 2022 (all amounts in thousands). On this date, the company purchased a parcel of land for 125,100 in cash. In addition, it paid 1,800 in surveying costs and 3,600 for a title insurance policy. An old dwelling on the premises was demolished at a cost of 2,700, with 900 being received from the sale of materials. Architectural plans were also formalized on December 1, 2022, when the architect was paid 27,000. The necessary building permits costing 2,700 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2023 as follows.

Date of Payment		Amount of Payment
March 1		216,000
May 1		297,000
July 1		54,000

The building was completed on July 1, 2023. To finance construction of this plant, Flint borrowed 540,000 from the bank on December 1, 2022. Flint had no other borrowings. The 540,000 was a 10-year loan bearing interest at 8%. Excess funds from the loan were invested during 2022 and earned 1,800. During 2023, the excess funds from the loan earned 900. Compute the balance in each of the following accounts at December 31, 2022, and December 31, 2023. (Round answers to 0 decimal places, e.g. 5,275.)

Flint Landscaping began construction of a new plant on December 1, 2022 (all amounts in thousands). On this date, the company purchased a parcel of land for 125,100 in cash. In addition, it paid | 1,800 in surveying costs and 3,600 for a title insurance policy. An old dwelling on the premises was demolished at a cost of 2,700, with 900 being received from the sale of materials. Architectural plans were also formalized on December 1, 2022, when the architect was paid 27,000. The necessary building permits costing 2,700 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2023 as follows. Date of Payment Amount of Payment March 1 216.000 May 1 297,000 July 1 54,000 The building was completed on July 1, 2023. To finance construction of this plant, Flint borrowed \ 540,000 from the bank on December 1, 2022. Flint had no other borrowings. The 540,000 was a 10-year loan bearing interest at 8%. Excess funds from the loan were invested during 2022 and earned | 1,800. During 2023, the excess funds from the loan earned \ 900. Compute the balance in each of the following accounts at December 31, 2022, and December 31, 2023. (Round answers to decimal places, e.g. 5,275.) December 31, 2022 December 31, 2023 a. Land V b. Buildings V C. Interest Expense