Uploading CodeIngiter to a live server (Hostpapa)

I am having trouble putting my codeigniter project live into a subdomain. First I had a 404 error page not found, which I think I resolved by trying to change the path of both my application and system folders. The latter now became my problem as it returns the error "Your application folder path does not appear to be set correctly. Please open the following file and correct this: index.php". I've done my research and after uploading the whole project, I realized that I have to edit something inside index.php, as well as in the config.php under the application folder. I am not sure if htaccess has to do with my problem. After the uploading the whole codeiginiter project, the folders in my file manager is structured as follows. The (home/dir) is my home directory and under that is the public_html folder (www). Then, under that I have a subdomain called login, which where I uploaded my codeigniter project. The application and system folders are there.

The only thing I changed in the index.php file is the values of the variables $application_folder and $system_path. By default, their values where set to just application and system respectively. Now I changed it to the following:

$application_folder = '/home/dir/www/http://ift.tt/1nLJNyk';
$system_path = '/home/dir/www/http://ift.tt/1KuoSue';

I still get the same error that I mentioned earlier. If it is any help here is what my htaccess file looks like. This is located in the same level of the application and system folders.

RewriteEngine On

RewriteCond %{REQUEST_FILENAME} !-f
RewriteCond %{REQUEST_FILENAME} !-d
RewriteCond $1 !^(index\.php|assets)
RewriteRule ^(.*)$ index.php/$1 [L]

I tried editing the files I know that must edited in order for Hostpapa to host my codeigniter project. Am I missing something? Should I do another step?