56.900 56.100 Question 14 2 pts On May 8, 2020, the Nature Company exchanges land in Ohio for land in Indiana. The exchange lacks commercial substance. The Nature Company's land in Ohio has a cost of $276,000 and a fair value on May 8, 2020 of $329,000. The Nature Company also will pay $21,000 cash in the exchange. On May 8, 2020, the fair value of the land in Indiana is $350,000. At what value will the Nature Company debit the new land (in Indiana) in its May 8, 2020 journal entry to record the exchange? MacBook Pro