Emily purchased and placed in service a building to store inventory for her business in February. The purchase price was $ 745,000. Emily also paid $ 530 in legal fees to acquire the building. In March, Emily incurred $ 19,600 to repair minor leaks in the roof, (from storm damage earlier in the month) and $ 7,200 to make the interior suitable for her finished goods. What is Emilys cost basis in the new building?

Cost basis: