Rose Corp Purchased Land for $77,000

Rose Corp. purchased land for $77,000. Additionally, Rose paid title insurance of $700, a commission of $7,000, and back taxes due in the amount of $1,000. To ready the land for construction, Rose paid $3,000 to remove an unwanted building, $6,000 to level and grade the property, and $12,000 for paving. The cost of the company's land is _______, and the land improvements are _______.

A) $77,000; $29,700
B) $85,700; $21,000
C) $88,700; $15,000
D) $94,700; $12,000

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