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Wilson Co. purchased land as a factory site for $1,350,000. Wilson paid $120,000 to tear down two buildings on the land. Salvage was sold for $8,100. Legal fees of $5,220 were paid for title investigation and making the purchase. Architect's fees were $46,800. Title insurance cost $3,600, and liability insurance during construction cost $3,900 Excavation cost $15,660. The contractor was paid $4,200,000. An assessment made by the city for pavement was $9,600 Interest costs during construction were $255,000 The cost of the land that should be recorded by Wilson Co. is a. $1.470,720 b $1.480,320 c. $1,484,820 d. $1,494,420 12. 0r0 000 ilon naid $120,000 to tear down