On June 25, AAA Repair Service extended an offer of $129,000 for land that had been priced for sale at $147,000. On July 9, AAA Repair Service accepted the counteroffer of $140,000. On October 1, the land was assessed at a value of $210,000 for property tax purposes. On December 22, AAA Repair Service was a $224,000 for the land by a national retail chain. At what value should the land be recorded in AAA Repair Service's records?