Current Attempt in Progress

On March $1,2020,$ Bonita Group acquired real estate on which it planned to construct a small office building. The company paid

$85,000$ in cash. An old warehouse on the property was razed at a cost of $8,800$; the salvaged materials were sold for $1,600.$

Additional expenditures before construction began included $1,800$ attorney's fee for work concerning the land purchase, $5,200$ real

estate broker's fee, $7,800$ architect's fee, and $14,900$ to put in driveways and a parking lot.

$($a$)$ Determine the amount to be reported as the cost of the land.