Donner Company is selling a piece of land adjacent to its business premises, An appraisal reported the market value of the land to be $86,000. The Focus Company initially offered to buy the land for $108,000. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $103,000. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus compann? 2. 5101000 b. 3212000 C $36000 d. $103,000