On June 20, 2018, Dell Corporation purchased land and planned to construct a small office building on the land. The purchased price of the land was $85,000. In addition, there was an old warehouse on the property that was demolished at a cost of $8,000 and the salvaged materials were sold for $2,000. Expenditures before construction began included $8,500 in architect's fees, $1,000 attorney's fees for work concerning the land purchase, $5,000 for real estate commissions for the land purchase, and $13,000 for fencing around the property. Based on the information above, what total amount should be debited to the Land account? $97,000 $85,000 $89,000 $101,000 $118,500