question 7: I would like help understanding how to solve this problem. thank you in advance.

On March 1, 2022, Cullumber Company acquired real estate, on which it planned to construct a small office building, by paying $87,000 in cash. An old warehouse on the property was demolished at a cost of $9,600; the salvaged materials were sold for $1,980. Additional expenditures before construction began included $1.480 attorneys fee for work concerning the land purchase, $5.200 real estate broker's fee, $8,980 architect's fee, and $15,400 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $