13.On December 1, Madam Corporation exchanged 6,000 shares of its $25 par value common stock held in treasury for a parcel of land to be held for a future plant site. Madam acquired the treasury shares at a cost of $40 per share, and on the exchange date, the common shares of existing building on the property was removea droom nie tyle. Based on these facts, the land should be capitalized at