eradene Corporation purchased land as a factory site and contracted with Maxtor Construction to onstruct a factory. Teradene made the following expenditures related to the acquisition of the land, uilding, and equipment for the factory: $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$:

$\backslash$table$[[$Purchase price of the land,$$1,240,000$