Cowboy Development Incurred the Following Costs Associated with the Purchase $\quad 400,000$

Cowboy Development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Sale price of the land $\quad 400,000$
Sale of salvaged parts already on land $\quad 20,000$
Demolition of the old building $\quad \$ 30,000$
Ground breaking ceremony (food and supplies) $\quad \$ 1,500$
Land preparation and leveling $\quad \$ 7,500$ What amount should be recorded for the purchase of the land?

A) $437,500.
B) $417,500.
C) $439,000.
D) $419,000.