Cullumber Travel Agency purchased land for $94,700 cash on December 10, 2022. At December 31, 2022, the land's value has increased to $97,200. What amount should be reported for land on Cullumber's balance sheet at December 31, 2022? Land Amount $

Cullumber Travel Agency purchased land for $94,700 cash on December 10, 2022. At December 31, 2022, the land's value has increased to $97,200. What amount should be reported for Iand on Cullumber's balance sheet at December 31, 2022? Land Amount