Coronado Industries purchased land as a factory site for $1350000. Coronado paid $116000 to tear down two buildings on the land. Salvage was sold for $8300. Legal fees of $5160 were paid for title investigation and making the purchase. Architect's fees were $46600. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15500. The contractor was paid $4400000. An assessment made by the city for pavement was $9900. Interest costs during construction were $260000 The cost of the land that should be recorded by Coronado Industries is $1481060 $1490960. $1476260. $1466360