Question: Current Attempt in Progress On March 1, 2022, Sandhill Co, acquired real estate, on which it planned to construct a small office building, by paying

 Current Attempt in Progress On March 1, 2022, Sandhill Co, acquired

Current Attempt in Progress On March 1, 2022, Sandhill Co, acquired real estate, on which it planned to construct a small office building, by paying $79.500 in cash. An old warehouse on the property was demolished at a cost of $8,100; the salvaged materials were sold for $1,680. Additional $ expenditures before construction began included $1.180 attorney's fee for work concerning the land purchase, $4,450 real estate broker's fee, $8,680 architect's fee, and $13,900 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $

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