Ramirez Company made the following payments related to a land acquisition:

Purchase price	$7,500
Past due taxes	650
Title search	275
Cost of razing old building	1300
Interest (incurred after productive operations had begun)	160
Proceeds from salvage of old building	1875

What is the capitalizable cost of the land?

a). $8,010

b). $9,725

c). $7,500

d). $7,850