$3.$ Sally Jones acquired $5,000$ shares of $$5$ par value stock in exchange for land valued by an appraiser at $$50,000.$ Her brother, John Jones, bought a large number of same company$$s shares on the same day for $$9$ cash per share. Which of the following should be used to record the value of the land on the company$$s books?

a$.$ the $$5$ par value of the stock $($a total value of $$25,000$ for the shares Sally received: $$5$ par value per share x $5,000$ shares$).$

b$.$ the $$9$ per share cash value of the shares, as established by John$$s transaction $($a total value of $$45,000$ for the shares Sally received: $$9$ per share x $5,000$ shares$).$

c$.$ a price determined by the company$$s chief accounting officer

d$.$ the $$50,000$ appraised value of the land.