A Company Purchased Land for $94,000 Cash

A company purchased land for $94,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Proceeds from salvage of the demolished building was $1,200. Under the historical cost principle, the cost of land would be recorded at

A) $104,800.
B) $94,000.
C) $99,800.
D) $106,000.