A company purchased property for $$100,000.$ The property included a building, a parking lot,

and land. The building was appraised at $$56,250$; the land at $$34,000,$ and the parking lot at

$$16,000.$ Land should be recorded in the accounting records with an allocated cost of:

A$)$ $$0.$

B$)$ $$32,000.$

C$)$ $$34,000.$

D$)$ $$71,250.$

E$)$ $$100,000.$