3) In Year 2, the REAL COOL JEANS Company bought an acre of land that cost $15,000. In Year 5 another company purchased a nearby acre of land for $28,000 and a different company purchased another nearby acre of land for $26,000. As a result, an appraiser estimated that the acre owned by REAL COOL JEANS had increased in value to $27,000. If REAL COOL JEANS prepares a balance sheet at the end of Year 5, the acre of land that it owns should be reported at: 1 billion dollars O 1 million dollars 5000s 15000S