Sandhill Chrome Bumpers bought two acres of land with an old office building on it that was deemed unusable. The cost was $576,000 of which Sandhill Chrome paid $96,000 in cash as a down payment and signed a 7\% mortgage for the remainder. Sandhill Chrome immediately had the old building razed at a total cost of $10,360 and sold the salvaged materials for $2,560. Attorneys were paid $1,280 in connection with the purchase. The architect's fee for drawing building plans for the new building cost $8,240. Sandhill Chrome paid $3,680 in connection with permits and zoning variances necessary prior to construction of the new building. Sandhill Chrome paid the contractor $1,704,000 for construction of the new building, along with $50,400 for a parking lot and necessary walkways and driveways. Answer the following question. (a) At what amount should the land be recorded