Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $$1,045,000.$ Harding paid $$210,000$

and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $$222,000$; Building, $$660,000$

and Equipment, $$438,000.$

What value will be reported for the land on the balance sheet?

Note: Round intermediate percentage values to a whole percentage.

Multiple Choice

$$224,400$

$$435,600$

$$177,650$

$$660,000$