Donner Company is selling a plece of fand adjacent to its business premises. An appraisal reported the market value of the land to be $219,879, The Focus Campany initialy offered to buy the land for $177,067. The companies settled on a purchase price of $209,440. On the same day, another piece of land on the same block sold for 5233,966. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company? a. 5231.666 b. $177,067 C. 5209,440 d. $219.819