On January 5, Year 1, the Mount Jackson Corporation purchased a tract of land for a factory site for $835,000. An existing building on the site was demolished and the construction of the new factory building was completed on October 11, Year 1. Additional cost data are shown below: Construction cost of new building $1,016,000 Realtor's and attorney's fees 19,600 Architect's fees relating to construction of new building 86,000 Cost to demolish old building Salvage recovery from old building (14,000) Which of the following correctly states the capitalized cost of the land and the new factory building, respectively? 78,500 Multiple Choice $919,100 and $1,102,000 $835,000 and 51,186,100 5933,100 and 51088.000 5854,600 and 51166.600