Pierce Self Storage purchased land, paying $$160,000$ cash as a down payment and signing a $$195,000$ note payable for the balance. Pierce also had to pay delinquent property tax of $$1,000,$ title insurance costing $$3,000,$ and $$9,000$ to level the land and remove an unwanted building. The company paid $$60,000$ to add soil for the foundation and then constructed an office building at a cost of $$700,000.$ It also paid $$47,000$ for a fence around the property, $$12,000$ for the company sign near the property entrance, and $$2,000$ for lighting of the grounds.

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The cost of the land is

The cost of the land improvements is