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Ellies Cupcakes Inc. paid $300,000 for land and $65,000 to have the old building removed...

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Accounting

Ellies Cupcakes Inc. paid $300,000 for land and $65,000 to have the old building removed from the land. The company also had to pay $9,000 in back property taxes. The company paid $750,000 for construction of a new building, including design. Fencing cost, the company $50,000 and lighting around the outside of the building cost the company $35,000. The company paid $75,000 for a parking lot and signage cost $25,000.

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Determine the cost of the land, land improvements, and building.

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