$On$ March $1,2027,$ Pharoah Company acquired real estate, $on$ which $it$ planned $to$ construct a small office building, $by$ paying

$$77,500in$ cash. $An$ old warehouse $on$ the property was demolished $at$ a cost $of$ $$7,700$; the salvaged materials were sold for $$1,600.$

Additional expenditures before construction began included $$1,100$ attorney's fee for work concerning the land purchase, $$4,250$ real

estate broker's fee, $$8,600$ architect's fee, and $$13,500to$ put $in$ driveways and a parking lot.

$(a)$

Determine the amount $tobe$ reported $as$ the cost $of$ the land.