Presto Comnanv nurchased land and inc rred the following costs: $147,000. $136,000. $121,000. $126,000

Question 17 Presto Company purchased land and incurred the following costs: Cash price Grading/filling to clear land Excavation for building foundation Payment of accrued property taxes $110,000 5,000 15,000 6,000 Payment of current year's property taxes 11,000 Total costs $147,000 Presto will record the acquisition cost of the land as $147,000. O $136,000. O $121,000. O $126,000. O