On June 25, Tin Roofing extended an offer of $105,000 for land that had been priced for sale at $120,000. On July 9, Tin Roofing accepted the sellers counteroffer of $114,000. On October 1, the land was assessed at a value of $171,000 for property tax purposes. On December 22, Tin Roofing was offered $182,000 for the land by a national retail chain. At what value should the land be recorded in Tin Roofings records