Donner Company is selling a piece of land adjacent to its business. An appraisal reported the market value of the land to be $$120,000.$ Focus Company initially offered to buy the land for $$107,000.$ The companies settled on a purchase price of $$115,000.$ On the same day, another piece of land on the same block sold for $$122,000.$ Under the cost principle, what amount will be used to record this transaction in the accounting records?

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