On March 1, 2022, Cullumber Company acquired real estate, on which it planned to construct a small office building, by paying $86,000 in cash. An old warehouse on the property was demolished at a cost of $9.700; the salvaged materials were sold for $4,400. Additional expenditures before construction began included $1.500 attorney's fee for work concerning the land purchase, $8,400 real estate broker's fee, $10,700 architect's fee, and $17,900 to put in driveways and a parking lot