On March 1.2022. Cullumber Company acquired real estate on which it planned to construct a small office building by paying $75.000 in cash. An old warehouse on the property was demolished at a cost of $8.000, the salvaged materials were sold for $1.500. Additional expenditures before construction began included $1.000 attorney's Fee for work concerning the land purchase. $4.000 real estate broker's fee $7.000 architect's fee and $13.000 to put in driveways and a parking lot Determine the amount to be recorded as the cost of the land, Cost of land 77300