A company purchased land for $87,000 cash. Commissions of $10,500, property taxes of $11,000, and title insurance of $3,400 were also incurred. The $11,000 in property taxes includes $6,400 in back taxes paid by the company on behalf of the seller and $4,600 due for the current year after the purchase date. For what amount should the company record the land? $103,900. $107,100. $107.300 $87,000 None or the above