On January 6, Year 1, the Mount Jackson Corporation purchased a tract of land for a factory wow STOSO Menguson was demolished and the construction of the new factory building was completed on October 11 w 1 More below Construction cost of new building Realtors and attorney's Fees Architect's fees relating to construction of new building Cost to demolish old building Salvage recovery from old building 1912.000 10,50 73,000 69,400 (7.560) Which of the following correctly states the capitalized cost of the land and the new factory building respectively Multiple Choice $770,000 and $1,057,400