The Diaz company bought a piece of land (Land) for $ 90,000 in cash. Diaz assumed $ 1,500 in past due property taxes. The title and attorney fees totaled $ 1,000. The costs of leveling the land were $ 2,200. It cost him $ 3,000 to fence the property. At what amount should the Diaz company record the cost of the land? Select one:

a. $ 90,000

b. $ 93,200

c. $ 94,700

d. $ 97,700