Fullerton Waste Management purchased land and a warehouse for $600,000. In addition to the purchase price. Fullerton made the following expenditures related to the acquisition: broker's commission. $30,000; title insurance. $3,000; miscellaneous closing costs. $6,000. The warehouse was immediately demolished at a cost of $I8.(XH) in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building