On March 1, 2020, Tamarisk, Inc. acquired real estate on which it planned to construct a small office building. The company paid $92,000 in cash. An old warehouse on the property was razed at a cost of $10,600; the salvaged materials were sold for $2,000. Additional expenditures before construction began included $1,300 attorneys fee for work concerning the land purchase, $5,600 real estate brokers fee, $7,100 architects fee, and $14,900 to put in driveways and a parking lot.

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

Cost of land $________________