Question: Current Attempt in Progress On March 1 , 2 0 2 7 , Blossom Company acquired real estate, on which it planned to construct a

Current Attempt in Progress
On March 1,2027, 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 \(\$ 8,000\); the salvaged materials were sold for \(\$ 1,500\). Additional expenditures before construction began included \$1,000 attorney's fee for work concerning the land purchase, \$4,000 real estate broker's fee, \$7,000 architect's fee, and \$13,000 to put in driveways and a parking lot.
(a)
Determine the amount to be recorded as the cost of the land.
Cost of land \$
Current Attempt in Progress On March 1 , 2 0 2 7

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