Belvidere Self Storage purchased land, paying $180,000 cash as a down payment and signing a $145,000 note payable for the balance. Belvidere also had to pay delinquent property tax of $1,000, title insurance costing $6,000, and $10,000 to level the land and remove an unwanted building. The company paid $50,000 to add soil for the foundation and then constructed an office building at a cost of $1,100,000. It also paid $47,000 for a fence around the property, $18,000 for the company sign near the property entrance, and $3,000 for lighting of the grounds. Read the Requirement 1. What is the capitalized cost of each of Belvidere's land, land improvements, and building? The cost of the land is