McArthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $20,000 Surveys and legal fees 1,200 Land clearing 400 Fencing 3,000 Install lighting and signage 14,060 What amount should be recorded as the land improvements cost? O A. $17,060 O B. $1,600 O c. $4,600 OD. $3,400