A company acquires land by issuing 10,700 shares of its $15 par value common stock which is currently trading at $30 per share, and the appraised value of the land is $257,000. Which of the following statements correctly describes the recording of the land? Multiple Choice Record the land at the average of its appraised value of $257,000 and the $321.000 value of the stock issued, thereby recognizing a $-64,000 gain. Record the land at its appraised value of $257,000 and recognize a gain of $-64,000 since the issued stock is currently worth $321,000. Record the land at the $321,000 value of the consideration given up. Record the land at the per value of the stock given up, $160,500