Martin Buber Co. purchased land as a factory site for $673,200. The process of tearing down two old buildings on the site and constructing the factory required 6 months. The company paid $70,686 to raze the old buildings and sold salvaged lumber and brick for $10,603. Legal fees of $3,114 were paid for title investigation and drawing the purchase contract. Martin Buber paid $3,703 to an engineering firm for a land survey, and $114,444 for drawing the factory plans. The land survey had to be made before definitive plans could be drawn. Title insurance on the property cost $2,525, and a liability insurance premium paid during construction was $1,515. The contractor