These expenditures were incurred by Concord Corporation in purchasing land: cash price $79,000, assumed accrued taxes $2,800, attorney's fees $3,900, real estate broker's commission $1,100, and clearing and grading $4,000. What is the cost of the land? Cost of the land $ I

These expenditures were incurred by Concord Corporation in purchasing land: cash price $79,000, assumed accrued taxes $2,800, attomey's fees $3,900, real estate broker's commission $1,100, and clearing and grading $4,000. What is the cost of the land? Cost of the land