On March 1, 2022, Marigold Corp. acquired real estate, on which it planned to construct a small office building, by paying $ 76,000 in cash. An old warehouse on the property was demolished at a cost of $ 9,300; the salvaged materials were sold for $ 1,700. Additional expenditures before construction began included $ 1,100 attorneys fee for work concerning the land purchase, $ 4,200 real estate brokers fee, $ 7,100 architects fee, and $ 13,100 to put in driveways and a parking lot.

Current Attempt in Progress On March 1, 2022, Marigold Corp. acquired real estate, on which it planned to construct a small office building, by paying $ 76,000 in cash. An old warehouse on the property was demolished at a cost of $ 9,300; the salvaged materials were sold for $ 1,700. Additional expenditures before construction began included $ 1,100 attorney's fee for work concerning the land purchase, $ 4,200 real estate broker's fee, $ 7,100 architect's fee, and $ 13,100 to put in driveways and a parking lot. (a) Determine the amount to be recorded as the cost of the land. Cost of land $