Hayes Company incurs the following costs associated with the purchase of land. Calculate the cost of the land to be recorded in the general journal: Purchase Price: $100,000 . Cost to raze old warehouse: $6,000 (7,500 cost - $1.500 proceeds from salvaged materials) Attorney's fees: $1,000 Real estate brokers' commission: $8,000 $115,000 $100,000 $116,500 $106.000 Lenard Company incurs the following costs associated with the purchase of a delivery truck. Calculate the cost of the delivery truck to be recorded in the general journal: Purchase Price: $22.000 Sales Tax: $1,320 Painting & lettering: $500 Motor Vehicle License: $80 Insurance: $1,600 $23,820 $22,000 $22.500 $23,600