Soccer Wholesale purchased land and a warehouse for one price of $930,000. In addition to the purchase price, Soccer Wholesale makes the following expenditures related to the acquisition: broker's commission, $46,700; title insurance, $4100, and miscellaneous closing costs, $8,700. The warehouse is immediately demolished at a cost of $72.400 in anticipation of building a new warehouse Determine the amount Soccer Wholesale should record as the cost of the land. Cost of the land