Acer,IncPlans to Develop a Shopping Center What Amount Should Be Recorded as the Cost of the Amounts

Acer,Inc.plans to develop a shopping center.In the first quarter,the following amounts were spent: $$\begin{array} { | l | r | } \hline \text { Acquisition of land } & \$ 17,000 \\\hline \text { Surveys and legal fees } & 600 \\\hline \text { Land clearing } & 800 \\\hline \text { Fencing } & 5,000 \\\hline \text { Install lighting and signage } & 1,560 \\\hline\end{array}$$ What amount should be recorded as the cost of the land in the corporation's books?

A) $23,400
B) $18,400
C) $19,960
D) $22,800