Question: ( NEED FAST ) On March 1 , 2 0 2 5 , Blossom Company acquired real estate, on which it planned to construct a

(NEED FAST) On March 1,2025, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $75,000in cash. An old warehouse on the property was demolished at a cost of $7,200; the salvaged materials were sold for $1,500. Additional expenditures before construction began included $1,000attorneys fee for work concerning the land purchase, $4,000real estate brokers fee, $8,500architects fee, and $13,000to put in driveways and a parking lot.
(a) Determine the amount to be reported as the cost of the land.
Cost of the land
$enter the cost of the land in dollars

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