Pink Corp. purchased a piece of land in for $ and incurred the following additional costs: cost of clear the land, $; cost of paving a new parking lot, $; cost of lighting for the new parking lot, $ In addition to these costs, Pink Corp was able to sell the timber from clearing the land for $ How much should Pink record in the Land and Land Improvement accounts for this purchase?
Select one:
a Land: $; Land Improvements: $
b Land: $; Land Improvements: $
c Land: $; Land Improvements: $
d Land: $; Land Improvements: $
e Land: $; Land Improvements: $
