question 2, multiple choice accounting

Sheffield Corp. purchased land as a factory site for \\( \\$ 1345000 \\). Sheffield paid \\( \\$ 116000 \\) to tear down two buildings on the land. Salvage was sold for \\( \\$ 8100 \\). Legal fees of \\( \\$ 5080 \\) were paid for title investigation and making the purchase. Architect's fees were \\( \\$ 46500 \\). Title insurance cost \\( \\$ 3500 \\), and liability insurance during construction cost \\( \\$ 3800 \\). Excavation cost \\( \\$ 15660 \\). The contractor was paid \\( \\$ 4200000 \\). An assessment made by the city for pavement was \\( \\$ 9500 \\). Interest costs during construction were \\( \\$ 257000 \\). The cost of the land that should be recorded by Sheffield Corp. is \\( \\$ 1485080 \\). \\( \\$ 1475580 \\). \\( \\$ 1470980 \\). \\( \\$ 1461480 \\)