A company purchased land for $89,000 cash Commissions of $11,500, property taxes of $12,000, and title insurance of $3,600 were also incurred. The $12,000 in property taxes includes $6,800 in back taxes paid by the company on behalf of the seller and $5.200 due for the current year after the purchase date. For what amount should the company record the land? Multiple Choice S107,300 $110,900 $116.100 $89.000