On March 1, 2022, Sandhill Co. acquired real estate, on which it planned to construct a small office building, by paying $85,000 in cash. An old warehouse on the property was demolished at a cost of $9,200; the salvaged materials were sold for $1,900. Additional expenditures before construction began included $1,400 attorneys fee for work concerning the land purchase, $5,000 real estate brokers fee, $8,900 architects fee, and $15,000 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land.

Cost of land

$Enter a dollar amount