St. Michael's Enterprises incurred several costs related to the acquisition of plant Purchase price of land and dilapidated building $260,000 Real estate broker's commission 17,000 Demolition costs of dilapidated building 12,000 Legal fees to lawyers 10,000 Fuel cost to heat plant asset 70,000 At what amount should the land be recorded in St. Michael's accounting records? $299,000 $277,000 $367,000 $270,000