Martin Buber Co. purchased land as a factory site for $622,400. The process of tearing down two old buildings on the site and constructing the factory required 6 months. The company paid $65,352 to raze the old buildings and sold salvaged lumber and brick for $9,803. Legal fees of $2,879 were paid for title investigation and drawing the purchase contract. Martin Buber paid $3,423 to an engineering firm for a land survey, and $105,808 for drawing the factory plans. The land survey had to be made before definitive plans could be drawn. Title insurance on the property cost $2,334, and a liability insurance premium paid during construction was $1,400. The contractor