QUESTION 3 Yellow Corp purchased a piece of land in 2019 for $750,000 and incurred the following costs: cost of clearing the Land $20,000; cost of new parking lots and sidewalks $45,000; cost of lighting for new parking lot and sidewalks $10,000; realtor costs of purchasing the land $18,000. In addition, Yellow was able to sell wood from clearing the land for $7,000. How much should Yellow record in the Land and Land Improvement accounts, respectively, for this purchase? OA. 5781,000 and $55,000 OB. S835,000 and 50 C.5795,000 and $55,000 OD. S750,000 and $75,000 OE. $761,000 and $75,000