Hernandez Corporation purchases a building for $$300,000$ cash. The building was appraised at $$310,000.$ The tax assessment on the huilding was $$280,000.$ Three months after purchasing the building, Company Z offers Hernandez $$320,000$ for the building. At what amount should the building be reported in Hernandez's financial statements according to the historical cost principle?

$$320,000$

$$300,000$

$$280,000$

$$310,000$