What Is the Cost of the Land, Based Upon the Following

Short Answer

What is the cost of the land, based upon the following data?
$\begin{array}{ll}\$ 178,000 & \text { Land purchase price } \\15,000 & \text { Broker's commission } \\& \text { Payment for the demolition } \\5,000 & \text { and removal of existing building } \\& \text { Cashreceived from the sale of materials } \\2,000 & \text { salvaged from the demolished building }\end{array}$