Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $80,000 cash and the land on which it was located for $115,000 cash. The company paid transfer costs of $10,000 ($5,000 for the building and $5,000 for the land). Renovation costs on the building before it could be used were $28,000. 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Net book value of property at end of Year 2 Net book value