On December 1, 2025, Hogan Co. purchased a tract of land as a factory site for $780,000. The old building on the property was razed, and salvaged materials resulting from the demolition were sold. Additional costs incurred and salvage proceeds realized during December 2025 were as follows: In Hogan's December 31, 2025 balance sheet, what amount should be reported as land? A) $842.000 B) $868,000 C) $876,000 D) $806,000