Concord Corporation purchased land as a factory site for $1325000. Concord paid $118000 to tear down two buildings on the land. Salvage was sold for $8400. Legal fees of $5080 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15380. The contractor was paid $4200000. An assessment made by the city for pavement was $9500. Interest costs during construction were $257000. The cost of the building that should be recorded by Concord Corporation is $4523180 $4220300 O $4206680 $4205700