Accounting I6) In Year 2, the REAL COOL JEANS Company bought an acre of land that cost $15,000.In Year 5, another company purchased a nearby acre of land for $28,000 and adifferent company purchased another nearby acre of land for $26,000. As a result, anappraiser estimated that the acre owned by REAL COOL JEANS had increased in valueto $27,000. If REAL COOL JEANS prepares a balance sheet at the end of Year 5, the acreof land that it owns should be reported at:1 billion dollars1 million dollars5000$15000$