On March 1, 2022, Blue Spruce Company acquired real estate on which it planned to construct a small office building by paying $80,000 in cash. An old warehouse on the property was demolished at a cost of $10,400; the salvaged materials were sold for $2.700. Additional expenditures before construction began included $1,600 attorney's fee for work concerning the land purchase, $5.500 real estate broker's fee, $7.400 architect's fee, and $13,000 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of land 5