Cullumber Chrome Bumpers bought two acres of land with an old office building on it that was deemed unusable. The cost was $403,200 of which Cullumber Chrome paid $67,200 in cash as a down payment and signed a 7% mortgage for the remainder. Cullumber Chrome immediately had the old building razed at a total cost of $7,300 and sold the salvaged materials for $1,840. Attorneys were paid $920 in connection with the purchase. The architect's feefor drawing building plans for the new building cost. $5,720. Cullumber Chrome paid $2,600 in connection with permits and zoning variances necessary prior to construction of the new building. Cullumber Chrome paid the contractor $1,192,800 for construction of the new building. along with $35,280 for a parking lot and necessary walkways and driveways. Answer the following question. (a) At what amount should the land be recorded