On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $77,000in cash. An old warehouse on the property was razed at a cost of $10,400; the salvaged materials were sold for $3,300. Additional expenditures before construction began included $1,000attorneys fee for work concerning the land purchase, $5,400real estate brokers fee, $7,300architects fee, and $14,900to put in driveways and a parking lot.

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