Soccer Wholesale purchased land and a warehouse for one price of $850,000. In addition to the purchase price, Soccer Wholesale makes the following expenditures related to the acquisition: broker's commission, $46,500; title insurance, $4,000; and miscellaneous closing costs, $6,400. The warehouse is immediately demolished at a cost of $73,300 in anticipation of building a new warehouse. Determine the amount Soccer Wholesale should record as the cost of the land. Cost of the land