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Marigold Corp. purchased land as a factory site for $1345000. Marigold paid $111000 to tear down two buildings on the land. Salvage was sold for

Marigold Corp. purchased land as a factory site for $1345000. Marigold paid $111000 to tear down two buildings on the land. Salvage was sold for $8500. Legal fees of $5060 were paid for title investigation and making the purchase. Architect's fees were $46700. Title insurance cost $3600, and liability insurance during construction cost $3900. Excavation cost $15480. The contractor was paid $4400000. An assessment made by the city for pavement was $9700. Interest costs during construction were $256000. The cost of the building that should be recorded by Marigold Corp. is

$4406680.

$4405800.

$4420600.

$4722080.

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