Current Attempt in Progress On December 1, 2020, Coronado Industries purchased a tract of land as a factory site for $ 730000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2020 were as follows: Cost to raze old building Legal fees for purchase contract and to record ownership Title guarantee insurance Proceeds from sale of salvaged materials $ 61000 9100 15600 6100 In Coronado's December 31, 2020 balance sheet, what amount should be reported as land? O $754700 OS 809600 O $815700 O $784900