L Tim Alt 5 and the cost of Land is purchased for $300,000. Back taxes paid by the purchaser were $8,500; total costs to demolish an existing building were $12,000 and the cost to clear the land was $22,000. The cost of paving the parking lot was $8,100. The cost of land is land improvements is O $320,500; $30,100 $342,500; $8,100 $342,100; $8,500 O $350,600; $0