Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $218,718. Focus Company initially offered to buy the land for $183,920. The companies settled on a purchase price of $208,019. On the same day, another piece of land on the same block sold for $232,806. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company?

a.$218,718

b.$183,920

c.$208,019

d.$232,806