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These expenditures were incurred by Ivanhoe Company in purchasing land: cash price $59,020, a5sumed acerued taves $5,090. attorney's fees $2,920, real estate brpker's commission $3,580,

These expenditures were incurred by Ivanhoe Company in purchasing land: cash price $59,020, a5sumed acerued taves $5,090. attorney's fees $2,920, real estate brpker's commission $3,580, and clearing and grading $4,870 What is the cost of the land? The cost of the land

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