Determine the cost of Land Village Delivery Company purchased a lot to construct a new warehouse for $295.000, paying $45,000 in cash and giving a short-term note for the remainder Logate paid in connection with the purchase were $2,455, delinquent taxes assumed were $15,700, and fees paid to remove an old building from the land were $19,800 Materials salvaged from the demolition of the building were sold for $5,100. A contractor was paid $1,033,600 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet