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On March 1, 2021, Splish Brothers Company acquired real estate on which it planned to...

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Accounting

On March 1, 2021, Splish Brothers Company acquired real estate on which it planned to construct a small office building. The company paid $97,000 in cash. An old warehouse on the property was razed at a cost of $7,800; the salvaged materials were sold for $1,900. Additional expenditures before construction began included $1,900 attorney's fee for work concerning the land purchase, $4,500 real estate broker's fee, $8,300 architect's fee, and $13,600 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of the land $enter the cost of the land in dollars

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