Whispering Co$.$ purchased land as a factory site for $$440,000.$ The process of tearing down two old buildings on the site and constructing the factory required $6$ months.

The company paid $$46,200$ to raze the old buildings and sold salvaged lumber and brick for $$6,930.$ Legal fees of $$2,035$ were paid for title investigation and drawing the purchase contract. Whispering paid $$2,420$ to an engineering firm for a land survey, and $$74,800$ for drawing the factory plans. The land survey had to be made before definitive plans could be drawn. Title insurance on the property cost $$1,650,$ and a liability insurance premium paid during construction was $$990.$ The contractor$$s charge for construction was $$3,014,000.$ The company paid the contractor in two installments: $$1,320,000$ at the end of $3$ months and $$1,694,000$ upon completion. Interest costs of $$187,000$ were incurred to finance the construction.

Determine the cost of the land and the cost of the building as they should be recorded on the books of Whispering Co$.$ Assume that the land survey was for the building.

Cost of the Land

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Cost of the Building

$enter a dollar amount