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Ivanhoe Enterprises incurred several costs related to the acquisition of plant assets. Purchase price of land and dilapidated building $280800 Real estate broker's commission 18360

Ivanhoe Enterprises incurred several costs related to the acquisition of plant assets.

Purchase price of land and dilapidated building $280800
Real estate broker's commission 18360
Demolition costs of dilapidated building 23760
Architect's fees and building permits 25920
Payments to contract for building construction 939600
Purchase of new furniture and equipment 79920
Actual interest costs during building construction 145800
Actual interest cost after completion of building construction 129600
Costs of walks, driveways, and parking lot 59400

At what amount should the building be recorded in Ivanhoes accounting records?

$965520

$1135080

$1111320

$939600

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