On March 1, 2022, Swifty Corporation acquired real estate, on which it planned to construct a small office building, by paying $75,500 in cash. An old warehouse on the property was demolished at a cost of $10,700; the salvaged materials were sold for $1,600. Additional expenditures before construction began included $1,050 attorney's fee for work concerning the land purchase. $4,100 real estate broker's fee, $7,050 architect's fee, and $13,050 to put in driveways and a parking lot. (a) Determine the amount to be recorded as the cost of the land. Cost of land