engageNOWV2 Onlin X + V jenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator After posting the second closing entry to the income summary account, the balance will be equal to Ostockholders' equity Ozero the net income or net loss for the period O revenues for the period A building with an appraisal value of $137,896,00 is made available at an offer price of $154,076.00. The purchaser acquires the property for $34,012.00 in cash, a 90 day note payable for $30,522.00, and a mortgage amounting to $50,433.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase Select the correct answer O $114,967.00 O$137,896.00 O5154,076,00 O$120,064.00 Previous