Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $320,000. The Focus Company initially offered to buy the land for $177,000. The companies settled on a purchase price of $272,000. On the same day, another piece of land on the same block sold for $252,000. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company?