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On April 17, 2025, Koepp inc purchased a 9-acre tract of land for a building site for $530,000. On the land was a warehouse with an appraised value of $90,000. Koep9 demolished the old warehouse at a cost of $12,000, but was able to sell scrop from the building for $2,200. The cost of titie insurtince Wais $850 and attomey fees for reviewing the contract were $750. Property taxes paid were $3,300, of which $650 covered the period after the purchase dote What is the capitalized cost of the land? {5 points } $454,050 $543,300 5543,950 $532050 $544,050