If Wilco Inc, sells a parcel of land for a value greater than its original cost, which of the following value recognition approaches would be most appropriate under GAAP? Recognize changes in value on the balance sheet when they occur over time, but delay recognition of changes in value on the income statement until realized in a market transaction Recognize changes in value on the income statement when they occur over time, but delay recognition of changes in value on the balance sheet until realized in a market transaction Recognize changes in value on the balance sheet and income statement when they occur ove time even if they are not realized in a market transaction Recognize changes in value on the balance sheet and income statement when realized in a market transaction