On March 1, 2022, Crane Company acquired real estate, on which it planned to construct a small office building, by paying $81,000 in cash. An old warehouse on the property was demolished at a cost of $8,400; the salvaged materials were sold for $1,740. Additional expenditures before construction began included $1,240 attorney's fee for work concerning the land purchase, $4,600 real estate broker's fee, $8,740 architect's fee, and $14,200 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $