Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $88,043. The Focus Company initially offered to buy the land for $110,790. The companies settled on a purchase price of $212,000. On the

same day, another piece of land on the same block sold for $102,946. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company?

A. $212,000

B. $110,000

C.$102,946

D. $88,043

bif + the