Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $220,179. The Focus Company initially offered to buy the land for $175,176. The companies settled on a purchase price of $213,700. On the same day, another piece of land on the same block sold for $237,290. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company?

a.$175,176

b.$213,700

c.$220,179

d.$237,290