Save Homework: Week Four: Chapter 10 exercises Score: 0 of 1 pt 1 of 5 (0 complete) HW Score: 0%, 0 of 7 pts EF10-17 (similar to) Question Help Murphy Furniture purchased land, paying $65,000 cash and signing a $250,000 note payable. In addition, Murphy paid delinquent property tax of $1,500, title insurance costing $3,500, and $5,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $400,000. It also paid $47,000 for a fence around the property, $12,000 for a sign near the entrance, and $6,000 for special lighting of the grounds. Read the requirements Requirement 1. Determine the cost of the land, land improvements, and building. The cost of the land is