On May 7, Carpet Barn Company offered to pay $70,890 for land that had a selling price of $90,000 On May 15, Carpet Ban accepted a counteroffer of $0.000. On June 5, the land was assessed at a valu of $100,000 for property tax purposes. On December 10, Carpet Barn Company was offered $133,400 for the land by another company At what value should the land be recorded in Carpet Bam Company's records? On May 7, Carpet Barn Company offered to pay $70,890 for land that had a selling price of $90,000. On May 15, Carpet Barn accepted a counteroffer of $86,880. On June 5, the land was assessed at a value of $100,000 for property tax purposes. Onl December 10, Carpet Barn Company was offered $133,400 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records