Florian Corporation purchases a piece of land for investment purposes on April 1. Florian pays the seller $2,000 cash and agrees to pay the seller $3,000 per year for the next 5 years plus interest at 9% per year on the outstanding balance. As part of the purchase agreement, Florian agrees to pay all property taxes for the year, a total of $360. In addition, Florian pays legal fees of $500 connected with the purchase and gives the seller a car worth $4,000 (Florian's basis is $11,000). What is Florian Corporation's basis in the land?