On December 1, Miser Corporation exchanged 6,000 shares of its $25 par value common stock for a parcel of land to be held for a future plant site. On the exchange date, the common shares of Miser had a fair value of $40 per share. Miser spent $18,000 when an existing building on the property was removed from the land. Based on these facts, the land should be capitalized by Miser at Select one: a. $240,000. b. $300,000. c. $258,000. d. $282,000