eBook Show Me How Video Question Content Area Determine Cost of Land Village Delivery Company purchased a lot to construct a new warehouse for $244,000, paying $28,000 in cash and giving a short-term note for the remainder. Legal fees paid in connection with the purchase were $1,990, delinquent taxes assumed were $14,200, and fees paid to remove an old building from the land were $21,100. Materials salvaged from the demolition of the building were sold for $4,100. A contractor was paid $826,900 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet. $fill in the blankeBook Show Me How Video Question Content Area Determine Cost of Land Village Delivery Company purchased a lot to construct a new warehouse for $244,000, paying $28,000 in cash and giving a short-term note for the remainder. Legal fees paid in connection with the purchase were $1,990, delinquent taxes assumed were $14,200, and fees paid to remove an old building from the land were $21,100. Materials salvaged from the demolition of the building were sold for $4,100. A contractor was paid $826,900 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet. $fill in the blank 1 1