Company A gave land to an employee as payment for services rendered. The land originally cost $43,000 when the Company bought it, but it had a value of $52,000 on the date it was given to the employee. Make the journal entry (or entries) necessary to record this transaction. Select one:

a. Wage Expense 43,000 Loss on Sale of Land 9000 Land $52,000

b. Wage Expense 43,000 Land $43,000

c. Wage Expense 52,000 Land $43,000 Gain on Sale of Land $9,000

d. Wage Expense 52,000 Land $52,000