On July 1, 2023, the ANDI Company's warehouse was completely destroyed in a fire. The capital cost of the warehouse was $1,500,000 and its January 1,2022 UCC was $1,248,539. On December 1,2023 , the company received insurance proceeds of $1,650,000, an amount equal to the estimated fair market value of the building. On April 1, 2024, the Company acquires an existing warehouse building for $1,800,000. Provided the Company makes all possible elections to reduce Tax Payable, what amount will be added to the Class 1UCC as the result of this acquisition? $1,398,539 $1,548,539 $1,650,000 $1,248,539