Sheridan Inc. purchased land at a price of $34,900. Closing costs were $2,070. An old building was removed at a cost of $14,020. What amount should be recorded as the cost of the land? The cost of land to be recorded $

Sheridan inc. purchased land at a price of $34,900. Closing costs were $2,070. An old building was removed at a cost of $14,020. Wha amount should be recorded as the cost of the land? The cost of land to be recorded