Current Attempt in Progress

Your answer is incorrect.

On March $1,2027,$ Blue Spruce Company acquired real estate on which it planned to construct a small office building, by paying $$90,000$ in cash. An old warehouse on the property was demolished at a cost of $$10,700$; the salvaged materials were sold for $$3,300.$ Additional expenditures before construction began included $$1,900$ attorney's fee for work concerning the land purchase, $$4,600$ real estate broker's fee, $$7,400$ architect's fee, and $$14,700$ to put in driveways and a parking lot.

Determine the amount to be reported as the cost of the land.

Cost of land $