A company acquires land by issuing 10,500 shares of its $20 par value common stock which is currently trading at $15 per share, and the appraised value of the land is $255,000. Which of the following statements correctly describes the recording of the land? Multiple Choice Record the land at the par value of the stock given up, $210,000. Record the land at the par value of the stock given up, $210,000. Record the land at the average of its appraised value of $255,000 and the $157,500 value of the stock issued, thereby recognizing a $97,500 gain. O Record the land at the $157,500 value of the consideration given up. O Record the land at its appraised value of $255,000 and recognize a gain of $97,500 since the issued stock is currently worth $157,500