E1030 [In March I, 201?, Pape Company acquired real estate on which it planned to construct a small ofce building. The company,r paid $75,000 in cash. An old warehouse on the property was razed at a cost of $6,400; the salvaged materials were sold for $1,200. Additional expenditures beFore construction began included $300 attorney's fee for work concerning the land purchase, $3,300 real estate broker's fee, $5,300 archi tect's fee, and $11,000 to put in driveways and a parking lot. Instmctions (a) Determine the amount to be reported as the cost oF the land. lib}I For each cost not used in part [a], indicate the aceount to be debited