1, Oriole Company e 6200 shares of its $30 par value common stock held in treasury for a parcel of land to be held for a future plant site. The treasury shares were On acquired by existing building on the property was removed from the site. Based on these facts, the land should be capitalized at at a cost of $35 per share, and on the exchange date the common shares of Oriole had a fair value of $50 per share. Oriole received $16000 for selling scrap whon an O $310000 $184250. O $ 217000