Ogden Furniture purchased land, paying $65,000 cash and signing a $290,000 note payable In addition, Ogden paid delinquent property tax of $4,000, title insurance costing 54,500 , and $8,000 to level the land and remove an unwanted building. The company then constructed an oflice buliding at a cost of $500,000. It also paid $47,000 for a fence around the property, $17,000 for a sign near the entrance, and $3,000 for special lighting of the grounds. Read the requirements. Requirement 1. Determine the cost of the land, land imprevemsents, and building The cost of the land is