Harold purchases land and a building by paying cash of $35,000, and assuming the seller's $82,000 mortgage. In addition, Harold pays $3,000 of legal fees related to the purchase. For property tax purposes, the land is valued at $17,000 and the building at $34,000. Harold's basis in the building is a. $ 17,000 b. $ 34,000 c. $ 40,000 d. $ 80,000 e. $120,000