Milloy Self Storage purchased land, paying 145,000 cash as a down payment and signing a $175,000 note payable for the balance. also had to pay delinquent property tax of $1,000, title insurance costing $6,500, and $2,000 to level the land and remove an unwanted building. The company paid $57,000 to add soil for the foundation and then constructed an office building at a cost of $750,000. It also paid $54,000 for a fence around the property, $10,000 for the company sign near the property entrance, and $4,000 for lighting of the grounds.