On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $231,036. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2014. Costs incurred during this period are listed below:

Demolition of old building $22,578

Architect's Fees $31,413

Legal fees for title investigation and purchase contract $4,957

Construction Costs $1,281,829 Salvaged materials resulting from demolition were sold for $10000

The company also spent $2,071 to fence the property. What is the cost of the Building?