The Following Costs Were Incurred to Acquire and Prepare Land

The following costs were incurred to acquire and prepare land for a new parking lot: purchase price of land,$900,000; cost to clear the land,$40,000; cost of paving,$35,000; and cost of lighting for the parking lot,$20,000.How much should be recorded in the land improvements account?

A) $20,000
B) $35,000
C) $40,000
D) $55,000