Sparky, Co. purchased land as a factory site for $600,000. Sparky paid $42,000 to tear down an existing structure on the land and was able to salvage some of the building materials which were sold for $15,400. Legal fees of $5,880 were paid for title insurance on the land purchase. Architect's fees were $32,200. There was an assessment by the city for a drainage project that cost $6,400 that was necessary to keep the land from retaining water during the rainy season. Excavation costs totaled $30,440. The contractor was paid $3,200,000 for the construction of the factory. Liability insurance during construction cost $42,600. Interest costs during construction were $170,000.

The historical cost of the Land that should be reported by Sparky is: ___________________________

*When recording your answer, do not use any dollar signs or commas. For example, if your answer is $567,500, record your answer as 567500.

638880 is not the right answer