Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $$1,235,000.$ Harding paid $$280,000$ and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $$296,000$; Building, $$880,000$ and Equiprnent, $$584,000.$

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

Nose: Round intermediate percentage values to a whole percentage. Do not round other intermediate calculations.

Multiple Choice

$$126,700$

$$101,840$

$$187,180$

$$154,760$