12 Required information (The following information applies to the questions displayed below) Part 1 of 2 Salad Express exchanged and it had been holding for future plant expansion for a more suitable parcel of land along distribution routes. Salad Express reported the old land on the previously issued balance sheet at its original cost of $80,000. According to an independent appraisal, the old land currently is worth $152,000. Salad Express paid $24,000 in cash to complete the transaction 2.5 points Book Required: 1. What is the fair value of the new parcel of land received by Salad Express? Hint Refrences Fair value of the new land