Donner Company is selling a plece of Iand adjacent to its business premises. An appraisal reported the market value of the land to be 5220,000 . Focus Company initially offered to buy the land for $177,000. The companies settied on a purchase price of $212,000. On the same day, another piece of land on the same block sold for \$232,000. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company? a. 5177,600 b. 5220,000 c. $212,000 d. 5232,000