Swifty Company acquires land for $$86,500$ cash. Additional costs are as follows:

Removal of shed

$$350$

Filling and grading

$1,600$

Salvage value of lumber of shed

$150$

Broker commission

$1,510$

Paving of parking lot

$9,800$

Closing costs

$590$

Swifty will record the acquisition cost of the land as

$$90,040.$

$$100,200$

$$90,400$

$$100,500$