This Question: 1 pt 47 of 52 (0 complete) McArthur, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent Acquisition of land Surveys and legal fees Land clearing Fencing Install lighting and signage $16,000 1,300 300 1,000 8,060 What amount should be recorded as the land improvements cost? O A. $2,600 O B. $1,600 O C. $1,300 O D. $9,060 Click to select your answer. a/ 90