5 assignment/takeAssignmen .do?invoker=&takeAssignmentSessionLocator=&inprogress=false * eBook Calculator Show Me How Cost Principle On June 25, McCade Repair Service extended an offer of $113,000 for land that had been priced for sale at $129,000. On July 9, McCade Repair Service accepted the seller's counteroffer of $123,000. On October 1, the land was assessed at a value of $185,000 for property tax purposes. On December 22, McCade Repair Service was offered $197,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records