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

$$86,000$ in cash. An old warehouse on the property was demolished at a cost of $$9,900$; the salvaged materials were sold for $$2,200.$

Additional expenditures before construction began included $$1,600$ attorney's fee for work concerning the land purchase, $$5,500$ real

estate broker's fee, $$7,200$ architect's fee, and $$14,600$ to put in driveways and a parking lot.

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