Pink Corp. purchased a piece of land in $2022$ for $$1,000,000$ and incurred the following additional costs: cost of clear the land, $$36,000$; cost of paving a new parking lot, $$48,000$; cost of lighting for the new parking lot, $$24,000.$ In addition to these costs, Pink Corp was able to sell the timber from clearing the land for $$7,000.$ How much should Pink record in the Land and Land Improvement accounts for this purchase?

Select one:

a$.$ Land: $$1,036,000$ ; Land Improvements: $$72,000$

b$.$ Land: $$993,000$ ; Land Improvements: $$108,000$

c$.$ Land: $$1,103,000$ ; Land Improvements: $$0$

d$.$ Land: $$1,000,000$ ; Land Improvements: $$108,000$

e$.$ Land: $$1,029,000$ ; Land Improvements: $$72,000$