Concord Corporation purchased land for a new parking lot for $ 138000. The paving cost $ 170000 and the lights to illuminate the new parking area cost $ 60000. Which of the following statements is true with respect to these additions?

$ 230000 should be added to Land Improvements.

$ 308000 should be added to the Land account.

$ 368000 should be added to the Land account.

$ 368000 should be added to Land Improvements.