Soccer Wholesale purchased land and a warehouse for one price of $760,000. In addition to the purchase price. Soccer Wholesale makes the following expenditures related to the acquisition broker's commission, $47700;title Insurance, $4.800, and miscellaneous closing costs $6,700 The warehouse is immediately demolished at a cost of $82.700 in anticipation of building a new warehouse Determine the amount Soccer Wholesale should record as the cost of the land, Cost of the land