Cowboy Development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Sale price of the land $400,000 Sale of salvaged parts already on land $20,000 Demolition of the old building $30,000 Ground breaking ceremony (food and supplies) $1,500 Land preparation and leveling $7,500 What amount should be recorded for the purchase of the land? Select one or more: a. $419,000. b. $439,000. c. $437,500. d. $417,500