Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $93,892. The Focus Company initially offered to buy the land for $108,509. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $102,036. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company?

a.$108,509

b.$93,892

c.$212,000

d.$102,036