On March 1, 2017. Cullumber Company acquired real estate on which it planned to construct a small office building, by paying $76,000 in cash. An old warehouse on the property was demolished at a cost of $7400; the salvaged materials were sold for $1.540. Additional expenditures before construction began included $1.040 attorney's fee for work concerning the land purchase $4,100 real estate broker's fee $8,540 architect's fee, and $13,200 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $ 108,377