Please explain the solution to this general accounting problem with accurate principles.

On July 1, 2021, Harrison Enterprises acquired a piece of land to build a new office. The company paid $120,000 in cash for the land. An old office building on the property was demolished at a cost of $12,000; the materials from the demolition were sold for $4,500. Additional costs before construction included $1,800 attorney's fee for work concerning the land purchase, $5,200 real estate broker's fee, and $14,000 for grading the land and preparing it for construction. Determine the amount to be reported as the cost of the land