UMPI Co$.$ purchased land costing $$2,550,000$ as a future factory site. UMPI paid $$240,000$ to tear down two buildings on the land. Some Amish folks came along and paid them from the scrap lumber. They paid $$2,450$ cash for it$.$ UMPI paid the lawyer $$4,555$ in fees for the title investigation and for making the purchase. The architect's fees were $$85,600.$ The cost for the title insurance was $$4,600,$ and liability insurance costs during the construction phase for the factory was $$12,640.$ The excavation cost to clear the ground for the new building was $$19,450.$ They paid the building contractor $$8,200,000.$ The interest costs during the construction phase of the building was $$465,000.$ What should UMPI record as cost of the land?

Question $3$ options:

$2,796,705$

$2,882,305$

$2,799,155$

$2,550,000$