Question 2 Angus Corp. acquires land for $105,000 cash. Additional costs are as follows: Removal of shed Filling and grading Residual value of lumber from shed Paving of parking lot Closing costs $ 500 3,200 150 16,000 1,350 Angus will record the cost of the land as $126,200. $109,400. O $105,000. $109,900