Use relevant information in the list below to determine the cost of land. (Copyright Obeua Persons. All rights reserved.) Purchase price of land $185,000 Title insurance 1,500 Legal fees to purchase land 1,000 Demolishing cost of old building on land 8,500 Proceeds from sale of building scraps 1,000 Property taxes ($1,000 of which is for after-purchase period) 5,000 Cost of preparing land for construction 9,000 Cost of building construction 620,000 Landscaping cost ($4,000 of which is for the next 1 year) 13,000 Cost of constructing driveway 8,000 Cost of parking lot and fencing 12,000 Opening ceremony cost 2,100 Interest on construction loan 12,000 Installation cost of a sprinkler system 7,000 Group of answer choices $207,000 $199,000 $209,000 $208,000 $190,500