Liberia Corporation exchanged 2,000 shares of its common shares for a parcel of land to be held as a future plant site. The book value of the shares is currently $90 per share, and their current market value is $110 per share. Liberia received $30,000 from the sale of scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at

$220,000.

$190,000.

$180,000.

$150,000.

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