Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expendifures incurred in purchasing the land were as follows: purchase price, $70,000; broker's fees, $6,000; title search and other legal fees, $5,000; demolition of an old building on the property, $5,700; accumulated property taxes, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000: lighting $7,500; signs, $1.500. Required: Calculate the cost of the Land??

Farah Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $70,000; broker's fees, $6,000; title search and other legal fees, $5,000; demolition of an old building on the property, $5,700; accumulated property taxes, $1.200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500. Required: Calculate the cost of the Land