On January 6, 2016, the Mount Jackson Corporation purchased a tract of land for a factory site for $795,000. An existing building on the site was demolished and the new factory was completed on October 11, 2016. Additional cost data are shown below:

Construction cost or new building $952,000

Real estate and attorney fees 14,000

Architect fees 78,000

Cost to demolish old building 72,900

Salvage recovery from old building (10,000)

Which of the following correctly states the capitalized cost of the (a) land and (b) the new building? A$871,900/$1,030,000

B$881,900/$1,020,000

C$809,000/$1,092,900

D$795,000/$1,106,900