A summary of selected transactions in ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end. Common Stock 1/1 5,850 12/31 3/30 9/30 Net income for the period is Oa. 23,047 Ob. 7,413 Oc. 28,897 Od. 36,310 Retained Earnings 7,413 12/31 Dividends 23,047 2,239 12/31 7,413 5,174 December 31 Cash Accounts Receivable Prepaid Expenses 6,220 2,657 659 Equipment 14,653 Accumulated Depreciation 10,965 Accounts Payable 1,606 Notes Payable 5,920 Common Stock 1,000 Retained Earnings 3,223 Dividends 816 Fees Earned 6,015 Wages Expense 2,337 Rent Expense 760 Utilities Expense 348 Depreciation Expense 196 Miscellaneous Expense Totals Determine the total assets. Oa. $13,224 83 28,729 28,729 Ob. $4,223 Oc. $24,189 Od. $28,729 Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $93,748. The Focus Company initially offered to buy the land for $114,949. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $102,055. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company? a. $212,000 Ob. $114,949 Oc. $93,748 Od. $102,055