On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $80,500 in cash. An old warehouse on the property was demolished at a cost of $8,300, the salvaged materials were sold for $1.720, Additional expenditures before construction began included $1,220 attorney's fee for work concerning the land purchase $4,550 real estate broker's fee, $8.720 architect's fee, and $14100 to put in driveways and a parking lot (a) Determine the amount to be reported as the cost of the land. Cost of land $