Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,805,000. Harding paid $490,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $518,000, Building, $1,540,000 and Equipment, $1,022,000 (Round percentages to two decimal places: ie.054-5%) What value will be reported for the land on the balance sheet? Multiple Choice $518,000 $1540,000 0 $306,850