On March 1, 2017, Wildhorse Co. acquired real estate, on which it planned to construct a small office building, by paying $85,500 in cash. An old warehouse on the property was demolished at a cost of $9,300; the salvaged materials were sold for $1,920. Additional expenditures before construction began included $1,420 attorneys fee for work concerning the land purchase, $5,050 real estate brokers fee, $8,920 architects fee, and $15,100 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $