ect Question 1 0/1 pts Ebeth Company was organized on January 1, 2017. During 2017, its first year of operations it had the following expenditures and receipts: $280,000 6,800 24,000 23,000 Expenditures: Cost of real estate purchased as a plant site (land $255,000 and building $25,000). The building will be demolished. Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Excavation costs for new building Accrued real estate taxes paid at time of purchase of real estate Cost of parking lots and driveways Architect's foes on building plans Real estate taxes paid for the current year on land Full payment to building contractor Receipts: Proceeds from salvage of demolished building 2179 29.000 33,000 5,800 640,000 8.000 Compute the total amount that should be recorded in the Land account. Do not enter dollar signs or commas. 311.979