Arthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent Acquisition of land $15,000 Surveys and legal fees 1,000 Land clearing 200 Fencing 7,000 Install lighting and signage 8,060 What amount should be recorded as the land improvement cost? O A. $7,200 OB. $8,200 OC. $1,200 COD