HELP please On March 1, 2020, Rea's Company acquired real estate on which it planned to construct a small office building. The company paid $84,000 in cash. An old warehouse on the property was razed at a cost of $8,800; the salvaged materials were sold for $1,600. Additional expenditures before construction began included $1,600 attorneys fee for work concerning the land purchase, $4,400 real estate brokers fee, $8,000 architects fee, and $13,400 to put in driveways and a parking lot.

Determine the amount to be reported as the cost of the land.