Telluride Mining Company purchased a new building to store its increasing supply of mining equipment. The building was purchased for $$570,000.$ The purchase price did not include $$35,000$ worth of sales tax. Also related to the purchase, Telluride Mining Company had to pay $$15,500$ for title search costs and $$22,500$ in realtor fees. Finally, the company had to hire a security guard to protect the new building which is paid a salary of $$75,000$ per year.