On March 1, 2014, Zobrist Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. An old warehouse on the property was demolished at a cost of $8,200; the salvaged materials were sold for $1,700. Additional expenditures before construction began included $1,900 attorneys fee for work concerning the land purchase, $5,200 real estate brokers fee, $9,100 architects fee, and $14,000 to put in driveways and a parking lot.

(a) Determine the amount to be reported as the cost of the land.