Current Attempt in Progress

The following costs were incurred by Sheridan Company in purchasing land: cash price, $$85,000$; legal fees, $$2,600$; removal of old

building, $$5,300$; clearing and grading, $$3,500$; installation of a parking lot, $$5,200.$

$($a$)$ What is the cost of the land?

Cost of land $

$($b$)$ What is the cost of the land improvements?

Cost of land improvements $