On November 1, Year 1, Noble Company borrowed $136,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, Year 1, the adjusting entry with respect to this note includes a: Multiple Choice Credit to Interest Payable for $2,720 Credit to Notes Payable for $2,720 Debit to Interest Expense for $5,440 Credit to Cash for $5,440 Land is purchased for $197.000. Additional costs include a $13,200 fee to a broker, a survey fee of $2,400, $2,000 to construct a fence, and a legal fee of $9,000. What is the cost of the land? Multiple Choice $197,000 $221.200 $224,000 $221,600