On March 1 2022 pharaoh company acquired real estate on which it planned to construct a small office building, by paying $87,000 in cash. An old warehouse on the property was demolished at a cost of $8,900; the salvaged materials were sold for $3,900. Additional expenditures before construction began included $2,200 attorneys fee for work concerning the land purchase, $5,400 real estate brokers fee, $8,200 architects fee, and $14,200 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land.