Donner Company is selling a piece of land adjacent to it's buisness premises. An appraisal reported the market value of the land to be $220,000. Focus Company initially offered to buy the land for $177,000. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $232,000. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company?

A. $212,000

B. $220,00

C. $177,000

D. $232,000

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