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Current Attempt in Progress On March 1.2022. Sandhill Co. acquired real estate on which it...

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Accounting

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Current Attempt in Progress On March 1.2022. Sandhill Co. acquired real estate on which it planned to construct a small office building, by paying $79.500 in cash. An old warehouse on the property was demolished at a cost of $8,100, the salvaged materials were sold for $1.680. Additional expenditures before construction began included $1.180 attorney's fee for work concerning the land purchase. $4,450 real estate broker's fee. $8,680 architect's fee, and $13.900 puit in driveways and a parking lot. (a)Determine the amount to be reported as the cost of the land Cost of land 5

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