Samtech Manufacturing purchased land and building for $4.00 million. In addition to the purchase price, Samtech made the following expenditures in connection with the purchase of the land and building: Title insurance $16,000 Legal fees for drawing the contract 5,000 Pro-rated property taxes for the period after acquisition 36,000 State transfer fees 4,000 An independent appraisal estimated the fair value of the land and building, if purchased separately, at $3.3 and $1.1 million, respectively. Shortly after acquisition, Samtech spent $82,000 to construct a parking lot and $40,000 for landscaping. What is the cost of building? A) $4,025,000 B) $4,000,000 C) $3,018,750 D) $1,006,250