Arthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent:

Acquisition of land	$17,000
Surveys and legal fees	1,300
Land clearing	900
Fencing	5,000
Install lighting and signage	11,060

What amount should be recorded as the land improvement cost?

Group of answer choices

$7,200

$5,900

$2,200

$16,060