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A company purchased a 3-acre tract of land for a building site for $440,000. The company...

A company purchased a 3-acre tract of land for a building site for $440,000. The company demolished the old building at a cost of $21,000, but was able to sell scrap from the building for $2400. The cost of title transfer was $1350 and attorney fees for reviewing the contract was $680. Property taxes paid were $7500, of which $700 covered the period after the purchase date. The capitalized cost of the land is:

$469,180.

$468,930.

$467,430.

$333,930.
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