Determine the Cost of the Land, Based on the Following

Determine the cost of the land, based on the following data. $\begin{array}{lr}\text {Land purchase price }&\$90,000\\\text { Broker's commission}&7,500\\\text {Payment for the demolition and removal of existing building }&2,500\\\text {Cash received from the sale of materials salvaged from the demolished buil ding }&500\\\end{array}$

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$99,500; (...

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