A company incurred the following costs: Purchase price of land Survey fees Payment for demolition of old building on land Back property taxes on land Paving costs for parking lot Fence around perimeter of land Lights in parking lot Signs for new business What is the cost of the land? $290,000 6,000 20,000 3,000 70,000 15,000 90,000 5,000 O A. $316,000 O B. $290,000 O C. $319,000 OD. $389,000