Mittelstaedt, Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $212,000 but had a falr value of $549,000 at the acquisition date, What value should be attributed to this land in a consolidated balance sheet at the dite of takeover? Multiple Choice $421,800 $337,000 $549.000 $127.200