content area top Part 1 Lovato, Inc. acquired land for $ 455 comma 000. The closing costs amounted to $ 15 comma 500 and the firm paid $ 7 comma 650 for the current period's property taxes at the end of the year. Lovato plans to build a new storage facility on the land costing $ 2 comma 352 comma 000. To prepare for construction on the new facility, Lovato removed an old storage building at a cost of $ 24 comma 500 and acquired building permits for $ 2 comma 400. What is the acquisition cost of the land