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These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys fees $2,100; real estate brokers commission $3,300; and
These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys fees $2,100; real estate brokers commission $3,300; and clearing and grading $3,500. What is the cost of the land?
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