Transcribed image text: Wilson Co. purchased land as a factory site for $1,350,000. Wilson paid $120,000 to tear down two buildings on the land. Legal fees of $5,220 were paid for title investigation and making the purchase. Architect's fees were $46,800. Title insurance cost $9,600, and liability insurance during construction cost $3,900. Excavation cost $15,660. The contractor was paid $4,200,000. An assessment made by the city for the land was $9,600. Interest costs during construction were $255,000. The cost of the land that should be recorded by Wilson Co. is Select one: a. $1,470,720. b. $1,480,320. c. $1,484,820. d. $1,494,420