Chapter 8 Quiz Nathanei Veltman guily of Ist-degree and attempted murder in 2021 attack of Muslim family in London, Ont. Question 1 of 5 0//5 Show Attempt History Current Attempt in Progress Your answer is incorrect. On March 1,2027, Crane Company acquired real estate, on which it planned to construct a small office building, by paying $75,500 in cash. An old warehouse on the property was demolished at a cost of $7,300; the salvaged materials were sold for $1,520. Additional expenditures before construction began included $1,020 attorney's fee for work concerning the land purchase, $4,050 reat estate broker's fee, $8,520 architect's fee, and $13,100 to put in driveways and a parking lot. (a) Determine the amount to be reported as