Potvin Self Storage purchased land, paying $140,000 cash as a down payment and signing a $150,000 note payable for the balance. Potvin also had to pay delinquent property tax of $5,500, title insurance costing $6,500, and $12,000 to level the land and remove an unwanted building. The company paid $59,000 to add soil for the foundation and then constructed an office building at a cost of $1,000,000. It also paid $54,000 for a fence around the property, $12,000 for the company sign near the property entrance, and $11,000 for lighting of the grounds. Read the requirement. The cost of the land is