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Your answer is incorrect. On March 1,2022, Windsor, Inc. acquired real estate, on which...

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Accounting

Your answer is incorrect.
On March 1,2022, Windsor, Inc. acquired real estate, on which it planned to construct a small office building, by paying $78,000 in cash. An old warehouse on the property was demolished at a cost of $10,100; the salvaged materials were sold for $2,100. Additional expenditures before construction began included $1,300 attorney's fee for work concerning the land purchase, $4,600 real estate broker's fee, $7,300 architect's fee, and $13,300 to put in driveways and a parking lot.
(a)
Determine the amount to be recorded as the cost of the land.
Cost of land $
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