Wharton Co. purchased land as a factory site for $2,100,000. Wharton paid a total of $60,000 to tear down two buildings on the land. Salvageable material was sold for $4,500. Legal fees of $3,480 were paid for making the land purchase. Architect's fees were $31,200. Title insurance cost $2,400 for the land, and liability insurance during construction of the building was $2,600. Excavation costs were $10,440. The contractor was paid $2,800,000. An assessment made by the city for pavement of the street access and payment for street lights totaled $6,400. Interest costs allowed to be capitalized due to new construction were $170,000. The final cost of the building that should be recorded by Wharton Co. is Multiple Choice $2,803,800 $2,804,840 O $2,813,200 O $2,844,240 O $3,014,240