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Montero has a building with an appraisal value of $137,000 and offers it at a price of $142,000 Cruz acquires the property for $30,000 in

Montero has a building with an appraisal value of $137,000 and offers it at a price of $142,000 Cruz acquires the property for $30,000 in cash, a 90-day note payable for $40,000, and a mortgage amounting to $60,000. The cost basis recorded in Cruz accounting records to recognize this purchase is

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