PEAR Corporation acquired 15 acres of land for $550,000. They also paid $45,000 in various fees asso

PEAR Corporation acquired 15 acres of land for $550,000. They also paid $45,000 in various fees associated with the purchase. Once the purchase was complete,they paid $75,000 to tear down a useless shack on the property and another $90,000 to level the site. PEAR spent $79,000 on a sewer system, $124,000 on landscaping, $39,000 on lighting, and $42,000 on paving. They then spent $78,000 designing their headquarters building and another $7,000,000 to built it. Show theaccounting entries for the land, land improvements and building T-accounts. You may assume that all transactions were for cash. Please label each entry.