The Open Grill incurred the following costs in acquiring a new piece of land:


Cost of the land $ 80,000
Commissions 4,800
Liability insurance for the first year 1,200
Cost of removing existing building 20,000
Sale of salvaged materials (4,000 )
Total costs $ 102,000

What is the total recorded cost of the land?
a. $102,000.
b. $100,800.
c. $106,000.
d. $80,000.