On December $31,20$X$5,$ Play Company acquired $80$ percent of the common stock of Station Company. At the time, Play held land with a book value of $$100,000$ and a fair value of $$260,000$; Station held land with a book value of $$600,000$ and fair value of $$600,000.$ At what amount would land be reported in a consolidated balance sheet prepared immediately after the combination?

A$)$ $$550,000$

B$)$ $$590,000$

C$)$ $$700,000$

D$)$ $$860,000$