On july 1, 2018 dryor & jekel, inc. purchased land and incurred other costs relative to the construction of a new warehouse. a summary of economic activities is listed below: purchase price $185,000title insurance 1,500legal fees to purchase land 1,000cost of razing old building on lot 8,500proceeds of sale of salvageable materials (1,200)property taxes january 1,2018 - june 30, 2018 3,000cost of grading and filling building site 9,000cost of building construction 620,000interest on construction loan 12,000cost of constructing new driveway 8,000cost of parking lot and fencing 12,000required: list the assets affected by the above transactions and give the resulting balance of each asset account. show your calculations.