A company incurred the following costs:

Purchase price of land	$280,000
Survey fees	4000
Payment for demolition of old building on land	40,000
Back property taxes on land	3000
Paving costs for parking lot	70,000
Fence around perimeter of land	15,000
Lights in parking lot	90,000
Signs for new business	5,000
What is the cost of the land? A.)$397,000 B.)$280,000	C.)$324,000 D.)$327,000