If a company is considering the purchase of a parcel of land that was acquired by the seller for $104,000 is offered for sale at $188,000, is assessed for tax purposes at $114,000, is considered by the purchaser as easily being worth $178,000, and is purchased for $175,000, the land should be recorded in the purchaser's books at: a,114000. b ,175000. c, 176500. c, 178000. d, 188000.