ABC Company purchased a piece of land with a preexisting building on it for a price of $250,000. In order to prepare the land for future construction, the old building was demolished at a cost of $15,000. The amount of scrap material that resulted from the demolition was sold for $2,000. As a result of the above purchase, the land and the building will be recorded in ABCs books at $200,000 and $50,000, respectively $250,000 and $15,000, respectively $263,000 and $0, respectively $250,000 and $13,000, respectively