Shannon Company acquires land with a shed on it to use as a plant site for $56,000. Additional information is as follows: Removal of shed $ 300 Filling and Grading 1,500 Proceeds from selling shed lumber 120 Broker commission 1,130 Paving of parking lot 10,000 Closing costs 560 Shannon will record the acquisition cost of the land as Select one: a $59,610 b. $59,370 C. None of the above e $56,000