15 Robin Company acquires a piece of land on which it intends to build a factory to produce its primary product. The land is listed for sale at $520,000, but Robin Company's reall estate broker is able to negotiate a sales price of $500,000. The land contains an old office building that is razed at a cost of $30.000 ($39.000 in costs less $9.000 proceeds from salvaged materials). Robin Company pays a commission to the real estate broker of $23,000 and an attorney's fee of $7.000. On its statement of financial position at December 31, 2020. what amount will Robin Company record as the cost of the land? 1.$590.000 2. $530,000 3. None 4. $560,000 5. $500,000