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These expenditures were incurred by Sheffield Company in purchasing land: cash price $78,000, assumed accrued taxes $3,700, attorneys' fees $2,400, real estate broker's commission $1,800,

These expenditures were incurred by Sheffield Company in purchasing land: cash price $78,000, assumed accrued taxes $3,700, attorneys' fees $2,400, real estate broker's commission $1,800, and clearing and grading $5,500. What is the cost of the land

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