Bayan Company purchased land for a manufacturing facility for c220,000. The company paid 14,000 to tear clown a building on the land Salvage was sold for C2100.legal tees of C1,300 were paid for title investigation and making the purchase, Architect's fees were 68100 Title insurance cost C900, and oblity insurance during construction cost C2.700 Excavation cost 2.400. The contractor was paid C271,400. A one-time assessment made by the clty for udewalks was C1500 Bayan installed lighting and signage at a cost of c2200 The cost of the land that should be recorded by Bayon is