On September 1, Year 3, Bobcat Corp. sold land to Crystal Corp for $300,000. The initial cost of the land to Bobcat Corp was $275,000. Crystal Corp and Bobcat Corp are both subsidiaries of Courtside Corp. On the consolidated balance sheet, what would be the value of the land?

Question 7 options:

	$250,000
	$300,000
	$325,000
	$275,000