Exercise 10-03 a On March 1, 2020, Martinez Company acquired real estate on which it planned to construct a small office building. The company paid $86,000 in cash. An old warehouse on the property was razed at a cost of $9,500; the salvaged materials were sold for $3,100. Additional expenditures before construction began included $1,500 attorney's fee for work concerning the land purchase, $4,600 real estate broker's fee, $7,100 architect's fee, and $13,000 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of lands