Your company owns nearly 1,000 acres across the road from the site where a new amusement park, Alligator Acres, is supposed to be built, and your cousin Vinny says the land is worth forty times what you paid for it. At what amount is the land reported on your company’s balance sheet? If your company were borrowing money from the bank and needed to use the land as collateral, do you expect the bank would assign a value to the land based on the reported amount, Vinny’s estimate, or some other amount? Explain.