SportsWorld Purchased Property for a Building Site What Portion of These Costs Should Be Allocated to the the Property

SportsWorld purchased property for a building site.The costs associated with the property were: $\begin{array}{|l|r|}\hline \text { Purchase Price } & \$ 175,000 \\\hline \text { Real Estate Commissions } & \$ 15,000 \\\hline \text { Legal Fees } & \$ 800 \\\hline \text { Expense of clearing land } & \$ 2,000 \\\hline \text { Expense to remove old building } & \$ 1,000 \\\hline\end{array}$ What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?

A) $150,000 to Land; $18,800 to Building
B) $190,000 to Land; $3,800 to Building
C) $190,800 to Land; $3,000 to Building
D) $192,800 to Land; $1,000 to Building
E) $193,800 to Land; $0 to Building