Previn Brothers Inc. purchased a piece of land at a cost of $ 27,000. Closing costs were $ 1,400. An old building was removed at a cost of $ 10,200. How much must be recorded as the cost of the land?...

Previn Brothers Inc. purchased a piece of land at a cost of $ 27,000. Closing costs were $ 1,400. An old building was removed at a cost of $ 10,200. How much must be recorded as the cost of the land? Present your answer with the details of all the calculations made to obtain the final cost of the land.