On March 1,2021, Marin Compary acquired real estate on which it planned to construct a small office building. The company paid $92,000 in cash. An old warehouse on the property was razed at a cost of $7,700; the salvaged materials were sold for $1,600. Additional expenditures before construction began included $1.200 attorney's fee for work concerning the land purchase, $4.700 real estate broker's fee, $8,500 architect's fee, and $13,400 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of the land