Which of the following correctly states the capitalized cost of the (a) land and (b) the new building? (a) $501,500/(b)$863,700 (a) $508,200/(b)$857,000 (a) $555,700/(b)$809,500 (a) $555,700/(b)$809,000 On January 6, 2022, the El Gato Corporation purchased a tract of land for a factory site for $500,000. An existing building on the site was demolished and the new factory was completed on October 11, 2022. Additional cost data are shown below