A company purchased land for $$80400$ cash. The real estate broker's commission was $$3200$ and $$5200$ was spent for demolishing an old building on the land before construction of a new building could start. Salvaged proceeds from the demolished building were $$1900.$ Under the historical cost principle. the cost of land is$...$

O $$80400$

O $$86900$

O $$88800$

O $$83700.$