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  3. tiber corp. purchased land for $ 76 comma 000 $76,

Tiber Corp. purchased land for $ 76 comma 000 $76,000. Additionally, Tiber paid title insurance...

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Accounting

Tiber Corp. purchased land for $ 76 comma 000 $76,000. Additionally, Tiber paid title insurance of $ 700 $700, a commission of $ 8 comma 000 $8,000, and back taxes due in the amount of $ 8 comma 000 $8,000. To ready the land for construction, Tiber paid $ 2 comma 000 $2,000 to remove an unwanted building, $ 2 comma 000 $2,000 to level and grade the property, and $ 10 comma 000 $10,000 for paving. The cost of the company's land is _______, and the land improvements are _______.

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