Question: These expenditures were incurred by Monty Company in purchasing land: cash price $73,000, assumed accrued taxes $5,500, attorneys' fees $2,800, real estate broker's commission $1,100,

These expenditures were incurred by Monty Company in purchasing land: cash price $73,000, assumed accrued taxes $5,500, attorneys' fees $2,800, real estate broker's commission $1,100, and clearing and grading $5,700. What is the cost of the land? Cost of the land $enter the cost of the land in dollars

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