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On March 1, 2022. Novak Company acquired real estate on which it planned to construct a small office building by paying 579.000 in cash. An old warehouse on theproperty was demolished at a cost of $10,800; the salvaged materials were sold for $2700. Additional expenditures before constructon began included $1,900 attorney's fee for workconcerning the land purchase, $5,500 real estate broke? 's fee, $7,600 architect's fee, and $14,500 to put in driveways and a parking lot. Determine the amount to bereported as the-cost of the land