PART A $(3$ marks$)$: A company purchases land for $$180,000$ cash and assumes $$5\mathrm{.}000$ in property taxes due on the land. The title and legal fees totaled $$2,000$ and the real estate commission is $$7000.$ The company had the land cleared for $$4,400.$ They paid $$20\mathrm{.}000$ for paving of a parking lot and $$10\mathrm{.}000$ for landscaping.

Required: What amount does the company record as the cost for the land? Show calculation.