Current Attempt in Progress On March 1, 2020, Whispering Winds Corp. acquired real estate on which it planned to construct a small office building. The company paid $86,000 in cash. An old warehouse on the property was razed at a cost of $11,000; the salvaged materials were sold for $1,900. Additional expenditures before construction began included $1,600 attorney's fee for work concerning the land purchase, $4,700 real estate broker's fee, $7,800 architect's fee, and $13,500 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land