A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land Sale of salvaged parts already on land Demolition of the old building Ground-breaking ceremony (food and supplies) Land preparation and leveling $640,000 $ 22,000 $ 32,000 $ 1,600 $ 6,800 What amount should be recorded for the purchase of the land? Multiple Choice $656,800 O $678,800 5658.400 $680,400