A building with an appraisal value of $133, 014.00 Is made available add an offer price of $158,568.00. The purchaser requires a property for $38,069.00 in cash, a 90 day note payable for $27,699.00, and the mortgage amount into $55,610.00. What is the cost basis recorded In the buyers accounting records to recognize this purchase?

Calculator A building with an appraisal value of $133,014.00 is made available at an offer price of $158,556.00. The purchaser acquires the property for $38,069.00 in cash, a 90-day note payable for $27,699.00, and a mortgage amounting to $55,610.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase? Select the correct answer. $120,487.00 $158,556.00 $121,378.00 $133,014.00