On March 1, 2020, Whispering Winds Company acquired real estate on which it planned to construct a small office building. The company paid $90,000 in cash. An old warehouse on the property was razed at a cost of $9,200; the salvaged materials were sold for $2,000. Additional expenditures before construction began included $1,600 attorney's fee for work concerning the land purchase. $4,800 real estate broker's fee, $7,600 architect's fee, and $14,400 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $