On December 1,205, East Co. purchased a tract of land as a factory site for $300,000. 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 20X5 were as follows: In East's December 31, 20X5 Balance Sheet, what amount should be reported as land? $336,000$311,000$321,000$332,000