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The following costs were incurred by Oriole Company in purchasing land: cash price, $85,000; legal fees, $2,700; removal of old building, $5,500; clearing and grading,

The following costs were incurred by Oriole Company in purchasing land: cash price, $85,000; legal fees, $2,700; removal of old building, $5,500; clearing and grading, $3,500; installation of a parking lot, $5,300. (a) What is the cost of the land? Cost of land $ (b) What is the cost of the land improvements? Cost of land improvements $ e Textbook and Media e Textbook Attempts: 1 of 3 used

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