Tarpley, Inc. acquired land for $ 400,000. The closing costs amounted to $ 11,000 and the firm paid $ 7,250 for the current period’s property taxes at the end of the year. Tarpley plans to build a new storage facility on the land costing $ 2,350,000. To prepare for construction on the new facility, Tarpley removed an old storage building at a cost of $ 23,000 and acquired building permits for $ 2,500. What is the acquisition cost of the land?