Cala Manufacturing purchases land for $479,000 as part of its plans to build a new plant. The company pays $26,300 to tear down an
old building on the lot and $38,878 to fill and level the lot. It also pays construction costs of $1,420,000 for the new building and
$89,635 for lighting and paving a parking area.
Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.
