Crane Wholesale Motor Company purchases land for $$180000$ cash. Crane assumes $$4800$ in

property taxes due on the land. The title and attorney fees totaled $$1600.$ Crane has the land

graded for $$4200.$ They paid $$15000$ for paving of a parking lot. What amount does Crane record

as the cost for the land?

$$205600.$

$$180000.$

$$185800.$

$$190600.$