E10-3 On March 1, 2017, Westmorlan Company acquired real estate on which it to construct a small office building. The company paid $75,000 in cash. An old wareh it planned rehouse 0. r $1,70 Additional expenditures before construction began included $1,100 attorney's fe concerning the land purchase, $5,000 real estate broker's fee, $7,800 arct on the property was razed at a cost of $8,600; the salvaged materials were sold fo attorney's fee for fee, and $14,000 to put in driveways and a parking lot. Instructions a) Determine the amount to be reported as the cost of the land. b) For each cost not used in part (a), indicate the account to be debited