On July 1, 2021, Larkin Co. purchased a $570,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2021 as follows: Demolition of existing building on site Legal and other fees to close escrow Proceeds from sale of demolition scrap $82,000 12,300 8,300 What would be the balance in the land account as of December 31, 2021? Multiple Choice $664,300 $652,000. $656,000