A building with an appraisal value of $130,742 is made available at an offer price of $155,698. The purchaser acquires the property for $32,624 in cash, a 90-day note payable for $25,125, and a mortgage amounting to $59,439. The cost of the building to be reported on the balance sheet is Oa. $155,698 b. $130,742 c. $123,074 d. $117,188

A bullding with an appraisal value of $130,742 is made avalable ot an offer price of 5155,696 . The purchaser aceuires the property for $32,624 in cash, a 90 -day hote payable for $25,125, and a mertgage amounting to $59,439. The cost of the building to be reported on the balance sheet is 4. 5155,698 b. 5139,742 e. $122,074 4. 5117,188