On March $1,2022,$ Sunland Company acquired real estate, on which it planned to construct a small office building, by paying $$80,500$ in cash. An old warehouse on the property was demolished at a cost of $$9,700$; the salvaged materials were sold for $$2,600.$ Additional expenditures before construction began included $$1,550$ attorney's fee for work concerning the land purchase, $$5,100$ real estate broker's fee, $$7,550$ architect's fee, and $$13,550$ to put in driveways and a parking lot.

$($a$)$

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

Cost of land

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