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A company purchased land for $$94,000$ cash. Commissions of $$14,000,$ property taxes of $$14,500,$ and title insurance of $$4,600$ were also incurred. The $$14,500$ in property taxes includes $$7,800$ in back taxes paid by the company on behalf of the seller and $$6,700$ due for the current year after the purchase date. For what amount should the company record the land?

Multiple Choice

$$94,000$

$$115,800$

$$120,400$

$$ $$127,100$