A building with an appraisal value of $134,193. is made available at an offer price of $155,888 The purchaser acquires the property for $38,601 in cash, a 90- day note payable for $23,295., and a mortgage amounting to $55,590. What is the cost basis recorded in the buyer's accounting records to recognize this purchase? Select the correct answer $117,287. $134,193. $117,486. $155,888.