A building with an appraisal value of $125,642.00 is made available at an offer price of $150,801.00. The purchaser acquires the property for $32,969.00 in cash, a 90-day note payable for $21,931.00, and a mortgage amounting to $57,802.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase?

Select the correct answer.

$117,832.00

$150,801.00

$112,702.00

$125,642.00