On February 1, 2020, Crane Company purchased a parcel of land as a factory site for $318000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2020. Costs incurred during this period are listed below:

Demolition of old building		$	21000
Architect's fees		36000
Legal fees for title investigation and purchase contract		5300
Construction costs		1392000
(Salvaged materials resulting from demolition were sold for $10800.)

Crane should record the cost of the land and new building, respectively, as

$328200 and $1433300.

$328200 and $1428000.

$344300 and $1417200.

$333500 and $1428000.