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Bronco Inc. purchases 4 acres of land for $200,000. Other costs related to the land are: attorney's fees related to the purchase $2,000; $5,000 realtors

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Bronco Inc. purchases 4 acres of land for $200,000. Other costs related to the land are: attorney's fees related to the purchase $2,000; $5,000 realtors commission; $1,000 property taxes for the upcoming year and $500 insurance for the next 12 months. What is the cost of the land? Select one: O a. $207,000 O b. $ 205,000 O c. $208,500 O d. $200,000

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