View Policies Current Attempt in Progress Feather Supplies inc recently purchased the land adjacent to its downtown location to use as a parking lot. The purchase price of the land was $55.000. The legal fees were $1.200, and the cost to remove an old shed on the land was $3,600. At what cost would the land be recorded in the company's accounting records? O $55.000 O $59,800 $58,600 O $56,300 e Textbook and Media Save for later Attempts:0 of 3 used