Q3 .A.Oriole Company purchased land as a factory site for $1340000. Oriole paid $115000 to tear down two buildings on the land. Salvage was sold for $8000. Legal fees of $5080 were paid for title investigation and making the purchase. Architect's fees were $46200. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15660. The contractor was paid $4400000. An assessment made by the city for pavement was $9900. Interest costs during construction were $256000. The cost of the land that should be recorded by Oriole Company is

B.On January 1, 2009, Oriole Company purchased for $786000, equipment having a useful life of ten years and an estimated salvage value of $48000. Oriole has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2017, the equipment was sold for $160000. As a result of this sale, Oriole should recognize a gain of what amount/