Question 1 of 8 > View Policies -/1 Current Attempt in Progress On March 1, 2022. Sheridan Company acquired real estate, on which it planned to construct a small office building, by paying $78,000 in cash. An old warehouse on the property was demolished at a cost of $7,800; the salvaged materials were sold for $1.620 Additional expenditures before construction began included $1,120 attorney's fee for work concerning the land purchase $4,300 al estate broker's fee. $8.620 architect's fee, and $13.600 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer WhatsApp Imagejpeg Show all