kam 00:00 Time 13:36 Chum Anichebe Attempt 1 X Question 9 (1.5 points) On December 1, 2019, Aidan Co, purchased a tract of land as a factory site for $780,000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2019 were as follows: 52 Cost o remove old building $70,000 Legal fons for purchases contract and in cord tranership 10,000 The guarantee insurance 10 000 Proceeds from sale of salvaged malenals 10.000 In Aidan Co.'s December 31, 2019 balance sheet, what amount should be reported 1) 5842.000.00 2) 5868,000.00 3) 5866.000.00 4) $686.000.00 O