During the year, More Value purchased a new building at a cost of $226,700. The company also paid the following amounts in connection with the building: 

Architects' fees to make necessary modifications, $1,700; 

Sales tax, $1,600; 

Modification costs, $9,200; 

Vandalism during construction, $975; 

Permits, $1,400. 

Before acquiring the permit, the city charged the company $750 for not receiving the permit in a timely manner. 

At what cost should the building be recorded on the balance sheet?