Exercise 9-3 On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $85,000 in cash. An old warehouse on the property was razed at a cost of $10,100; 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, $4,900 real estate broker's fee, $7,200 architect's fee, and $14,000 to put in driveways and a parking Determine the amount to be reported as the cost of the land Costof land s SHOW LIST OF ACCOUNTS