Burley Company had the following expenditures and receipts in conjunction with a new facility acquired for operations:

Cost to acquire new parcel of land for the facility; $600,000

Cost to raze an existing old building on the land; 32,000

Proceeds received from selling the salvage of the old building; 3,000

Cost of parking lots and driveways; 180,000

Cost of new trees and shrubbery planted on the new location; 75,000

Architects fee on the building; 24,000

Payment of delinquent property taxes assumed from the prior owner; 18,000

Installation of fences and gates on the property; 21,000

Payment to contractor for the construction of the building; 1,800,000

Finders fee paid to a broker for locating the site; 24,000

Money borrowed on a note to help pay for construction; 1,000,000

Interest paid on the note during construction; 88,000

Cost of building permits; 23,000

Cost to install water and sewer piping to be maintained by the city; 78,000

What is the cost of the land?