On March $1,2022,$ Sarasota Company acquired real estate on which it planned to construct a small office building, by paying $$84,000$ in cash. An old warehouse on the property was demolished at a cost of $$8,800$; the salvaged materials were sold for $$1,600.$ Additional expenditures before construction began included $$1,600$ attorney's fee for work concerning the land purchase, $$4,400$ real estate broker's fee, $$8,000$ architect's fee, and $$13,400$ to put in driveways and a parking lot.

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