On March 1, 2022, Sheridan Company acquired real estate, on which it planned to construct a small office building, by paying $98,000 in cash. An old warehouse on the property was demolished at a cost of $9,200; the salvaged materials were sold for $4,400. Additional expenditures before construction began included $2,100 attorney's fee for work concerning the land purchase, $7,200 real estate broker's fee, $11,800 architect's fee, and $18,000 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of the land $ For each cost not used in previous part, indicate the account to be debited