Sunland Company purchased land as a factory site for $1360000. Sunland paid $115000 to tear down two buildings on the land. Salvage was sold for $8400. Legal fees of $5280 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3800, and liability insurance during construction cost $4100. Excavation cost $15980. The contractor was paid $4300000. An assessment made by the city for pavement was $9900. Interest costs during construction were $251000. The cost of the land that should be recorded by Sunland Company is $1485580. $1500080. $1475680. $1490180