A building with an appraisal value of $128,750.00 is made available at an offer price of $152,460.00. The purchaser acquires the property for $38,304.00 in cash, a 90-day note payable for $25,928.00, and a mortgage amounting to $55,335.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase?

Select the correct answer.

$152,460.00

$119,567.00

$128,750.00

$114,156.00