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