On March $1,2027,$ Sunland Company acquired real estate, on which it planned to construct a small office building, by paying $\backslash (\backslash$$ $78,500\backslash )$ in cash. An old warehouse on the property was demolished at a cost of $\backslash (\backslash$$ $7,900\backslash )$; the salvaged materials were sold for $\backslash (\backslash$$ $1,640\backslash ).$ Additional expenditures before construction began included $\backslash$$$1,140$ attorney's fee for work concerning the land purchase, $\backslash$$$4,350$ real estate broker's fee, $\backslash (\backslash$$ $8,640\backslash )$ architect's fee, and $\backslash (\backslash$$ $13,700\backslash )$ to put in driveways and a parking lot.

$($a$)$

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