the following expenditures were incurred by peterson enterprises 254169

The following expenditures were incurred by Peterson Enterprises Co. in 2011:

Purchase of land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 270,000

Land survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,800

Fees for search of title for land . . . . . . . . . . . . . . . . . . . . . . . . . . 500

Building permit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000

Temporary quarters for construction crews . . . . . . . . . . . . . . . . 11,200

Payment to tenants of old building for vacating premises . . . . . 4,450

Razing old building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,000

Excavating basement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000

Special assessment tax for street project . . . . . . . . . . . . . . . . . 2,400

Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000

Damages awarded for injuries sustained in construction

(no insurance was carried) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,750

Costs of construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,640,000

Cost of paving parking lot adjoining building . . . . . . . . . . . . . . . 55,000

Cost of shrubs, trees, and other landscaping . . . . . . . . . . . . . . . 36,000

What is the cost of the land, land improvements, and building?

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