19% oo Verizon 3:08 PM Ch 9A Homework E LUS Kimmel, Financial Aereunting, Exercise 9-3 Your answer is incorrect. Try again. On March 1, 2017, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $75,000 in cash. An old warehouse on the property was demolished at a cost of $7,200; the salvaged materials were sold for $1,500. Additional expenditures concerning the land purchase, $4,000 real estate broker's fee, $8,500 architect's fee, and $13,000 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land Question Attempts 2 of used