Beesly Co. owned all of the voting common stock of Halpert Corp. The corporations' balance sheets dated December 31, 2020, include the following balances for land: Beesly $461,000, and Halpert $265,000. On the original date of acquisition, the book value of Halperts land was equal to its fair value. On May 2, 2021, Beesly sold to Halpert a parcel of land with a book value of $75,000. The selling price was $88,000. There were no other transfers, which affected the companies' land accounts during 2020. What is the consolidated balance for land on the 2021 balance sheet?

Multiple Choice

$739,000.

$814,000.

$726,000.

$801,000.

$713,000.