On December 1, 2020, Bonita Industries purchased a tract of land as a factory site for $790000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2020 were as follows:

Cost to raze old building		$73000
Legal fees for purchase contract and to record ownership		10300
Title guarantee insurance		16800
Proceeds from sale of salvaged materials		7300

In Bonita's December 31, 2020 balance sheet, what amount should be reported as land?

$882800.

$855700.

$890100.

$817100.