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what is the cost of the building? Potvin Funiture purchased land, paying $90,000 cash and signing a $320.000 note payable. In addition, Potvin paid delinquent

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Potvin Funiture purchased land, paying $90,000 cash and signing a $320.000 note payable. In addition, Potvin paid delinquent property tax of $3,500, stle insurance costing $1,500, and $8,000 to level the land and remove an unwanted building. The company then constructed an office bulding at a cost of $650.000. It also paid $49,000 for a fence around the property, $13,000 for a sign near the entranon, and $10.000 for special lighting of the grounds. Read the equirements Requirement 1. Determine the cost of the land, land improvements, and building. 423,000 The cost of the land is $ 72,000 The total cost of the land improvements is $ The cost of the building is $

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