Cullumber Company purchases land for $$180000$ cash. Cullumber assumes $$6000$ in

property taxes due on the land. The title and attorney fees totaled $$2000.$ Cullumber has the

land graded for $$4900.$ Cullumber paid $$20000$ for paving of a parking lot. What amount

does Cullumber record as the cost for the land?

$$186900$

$$192900$

$$212900$

$$180000$