Shannon Miller, Inc. purchased land, paying $90,000 cash as a down payment and signing a $120,000 note payable for the balance. In addition, Miller paid delinquent property tax of $2,000, title insurance costing $2,500, and a $5,400 charge for leveling the land and removing an unwanted building. Salvage from the building was sold for $1,500. The company constructed an office building on the land at a cost of $810,000. It also paid $63,000 for a fence around the boundary of the property, $10,400 for the company sign near the entrance, and $6,000 for special lighting of the grounds. Required: Determine the cost of the company's land, land improvements, and building. Building: Land: Land Improvements: S

Shannon Miller, Inc, purchased land, paying $90,000 cash as a down payment and signing a $120,000 note payable for the balance. In addition, Miller paid delinquent property tax of $2,000, title insurance costing $2,500, and a $5,400 charge for leveling the land and removing an unwanted building. Salvage from the building was sold for $1,500. The company constructed an office building on the land at a cost of $810,000. It also paid $63,000 for a fence around the boundary of the property, $10,400 for the company sign near the entrance, and $6.000 for special lighting of the grounds. Required: Determine the cost of the company's land, land improvements, and building