On February 3, Snap Repair Service extended an offer of $105,000 for land that had been priced for sale at $120,000. On February 28, Snap Repair Service accepted the seller's counteroffer of $114,000. On October 23, the land was assessed at a value of $171,000 for property tax purposes. On January 15 of the next year, Snap Repair Service was offered $182,000 for the land by a national retail chain. At what value should the land be recorded in