Birken Co. purchased a building for $600,000 in 2004. At the end of 2016, when it had a book value of $450,000, it was appraised for $1,000,000. A potential buyer offered $900,000. Birken rejected the offer. What amount should is recorded on Birken's records at the end of 2016 in the account called Buildings? Select the correct response: $350,000 $600,000 o $2,000,000 $800,000