On March 1, 2022, Crane Company acquired real estate, on which it planned to construct a small office building, by paying $75,500 in cash. An old warehouse on the property was demolished at a cost of $7,300; the salvaged materials were sold for $1.520 Additional expenditures before construction began included $1,020 attorney's fee for work concerning the land purchase, S4,050 real estate broker's fee, 58,520 architect's fee, and $13,100 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land, Cost of land $