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 $600,000 $ 21,000 $ 39,000 $ 2,300 $ 6,600 What amount should be recorded for the purchase of the land? Multiple Choice 0 O $647,900 0 O $626,900 0 O $645,600 0 $624,600