3. (5 points) Bonneau Enterprises has acquired a lot to construct a factory. Bonneau had the following costs related to the construction: Architects' fees $50,000 Construction labor 100,000 Engineers' fees 15,000 Fencesaroundbuilding9,000 Gradingandleveling10,000 Land 85,000 Building materials 250,000 Sales taxes on building materials 6,000 Trees and shrubs 6,000 Determine the cost of the factory to be reported on the balance sheet