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Oriole Wholesale Motor Company purchases land for $140000 cash. Oriole assumes $4700 in property taxes due on the land. The title and attorney fees totaled

Oriole Wholesale Motor Company purchases land for $140000 cash. Oriole assumes

$4700 in property taxes due on the land. The title and attorney fees totaled $2300. Oriole

has the land graded for $4200. They paid $23000 for paving of a parking lot. What

amount does Oriole record as the cost for the land?

a.$151200.

b. $140000.

c. $146500.

d. $174200.

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