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On March $1,2020,$ Sandhill Group acquired real estate on which it planned to construct a small office building. The company paid $77,000$ in cash. An old warehouse on the property was razed at a cost of $10,400$; the salvaged materials were sold for $3,300.$ Additional expenditures before construction began included $1,000$ attorney's fee for work concerning the land purchase, $5,400$ real, estate broker's fee, $7,300$ architect's fee, and $14,900$ to put in driveways and a parking lot.

$($a$)$ Determine the amount to be reported as the cost of the land.

Cost of land

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