Archer Enterprises incurred the following costs related to the acquisition of plant assets:

Purchase price of land and dilapidated building

Real estate broker's commission

$$260,000$

Demolition costs of dilapidated building

$17,000$

$22,000$

Architect's fees and building permits

$24,000$

Payments to contractor for building construction $870,000$

Purchase of new furniture and equipment

$74,000$

Actual interest costs during building construction

$135,000$

Actual interest cost on mortgage after completion of building

construction

$120,000$

Costs of walks, driveways, and parking lot

$55,000$

At what amount should the building be recorded in Archer's accounting records?

$$ A$)$ $$894,000$

$$ B$)$ $$1,051,000$

$$ C$)$ $$870,000$