Borges Inci. recently purchased land to use for the construction of its new manufacturing faclity and incurred the following costs: purchase price, 584,000 ; interest charges, $500; real estote commissions, $4,800; delinquent property taxes, $1,500; ciosing costs, 53,300; and ciearing and grading of the land, 58,100 . Required: Determine the cost of the land. Borges Inci. recently purchased land to use for the construction of its new manufacturing faclity and incurred the following costs: purchase price, 584,000 ; interest charges, $500; real estote commissions, $4,800; delinquent property taxes, $1,500; ciosing costs, 53,300; and ciearing and grading of the land, 58,100 . Required: Determine the cost of the land