If a company is considering the purchase of a parcel of land that was acquired by the seller for $88,000 is offered for sale at $156,000, is assessed for tax purposes at $98,000, is recognized by the purchaser as easily being worth $146,000, and is purchased for $143,000, the land should be recorded in the purchaser's books at:

1. $98,000

2. $143,000

3. $144,500

4. $146,000

5. $156,000