Question 1 (All 8 questions property of John Wiley & Sons Inc.) On March 1, 2018, Cullumber Corporation acquired real estate, on which it planned to construct a small office building, by paying $82,980 in cash. An old warehouse on the property was demolished at a cost of $7,640; the salvaged materials were sold for $1,532. Additional expenditures before construction began included a $1,630 legal fee for work concerning the land purchase, a $8,474 architect's fee, and $13,950 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of Land $ For each cost not used in part (a), indicate the account to be debited. Architect's fee Driveways and parking lot