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On March 1, 2022. Pronghorn Company acquired real estate on which it planned to construct...

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On March 1, 2022. Pronghorn Company acquired real estate on which it planned to construct a small office building, by paying $92,000 in cash. An old warehouse on the property was demolished at a cost of $10,600; the salvaged materials were sold for $2,000. Additional expenditures before construction began included $1,300 attorney's fee for work concerning the land purchase, $5,600 real estate broker's tee, $7,100 architect's fee, and $14,900 to put in driveways and a parking lot. Detecmine the amount to be reported as the cost of the and. Cost af land eTextbook and Medin

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