On June 25, McCade Repair Service extended an offer of $143,000 for land that had been priced for sale at $163,000. On July 9, McCade Repair Service accepted the seller's counteroffer of $155,000. On October 1, the land was assessed at a value of $233,000 for property tax purposes. On December 22, McCade Repair Service was offered $248,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records? $___________