On March 1, 2022, Cheyenne Corp. acquired real estate, on which it planned to construct a small office building, by paying $83,500 in cash. An old warehouse on the property was demolished at a cost of $8,800; the salvaged materials were sold for $3,200. Additional expenditures before construction began included $1,850 attorneys fee for work concerning the land purchase, $5,700 real estate brokers fee, $7,850 architects fee, and $13,850 to put in driveways and a parking lot. (a) Determine the amount to be recorded as the cost of the land.

Cost of land

$enter the cost of land in dollars