On March 1, 2022, Oriole Company acquired real estate, on which it planned to construct a small office building, by paying $81,000 in cash. An old warehouse on the property was demolished at a cost of $10,000; the salvaged materials were sold for $2,900. Additional expenditures before construction began included $3,200 attorney's fee for work concerning the land purchase, $5,500 real estate broker's fee, $11,100 architect's fee, and $17,800 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
For each cost not used in previous part, indicate the account to be debited.
Account to be debited enter an account title $enter a debit amount enter an account title $enter a debit amount