ABC Company reported the following account balances at December 31, 2019: Accounts receivable ......... $33,000 Equipment ................... $47,000 Notes payable ............... $15,000 Utilities expense ........... $23,000 Dividends ................... $18,000 Trademark ................... $16,000 Retained earnings ........... $58,000 (at January 1, 2019) Rental revenue .............. $19,000 Land ........................ ? Cost of goods sold .......... $36,000 Supplies .................... $21,000 Accumulated depreciation .... $11,000 Income tax expense .......... $12,000 Common stock ................ $94,000 Copyright ................... ? Utilities payable ........... $13,000 Sales revenue ............... $90,000 Cash ........................ $19,000 Mortgage payable ............ $17,000 Advertising expense ......... $10,000 Inventory ................... ? Accounts payable ............ $47,000 The following additional information is available: 1. The total P-P-E at December 31, 2019 was equal to 140% of the total current liabilities at December 31, 2019. 2. Total current assets at December 31, 2019 amounted to $111,000. 3. The note payable was a 3-year loan taken out on March 1, 2017. 4. The mortgage payable was a 15-year loan taken out on May 1, 2010. Calculate the balance in the land account at December 31, 2019.