Cost of a Fixed Assec Borges Inc. recently purchased land to use for the construction of its new manufacturing fachity arid incurred the folowing costs: purchase pnse, s79,000; interest charges, \$500; real estate commissions, 54,800; delinquent property taxes, $1,500; closing costs, $3,300; and clearing and grading of the fand, 560,100. Required: Determine the cost of the Land