Exercise 9-3 On March 1, 2014, Rollinger Company acquired real estate on which it planned to construct a small office building. The company paid $94,540 in cash. An old warehouse on the property was razed at a cost of $10,590; the salvaged materials were sold for $2,200. Additional expenditures before construction began included $1,780 attorney's fee for work concerning the land purchase, $5,360 real estate broker's fee, $7,810 architect's fee, and $13,580 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land Cost of land