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Pharoah Travel agency purchased land for $92,500 cash on December 10, 2020. At December 31,2020, the lands value has increased to 95,700. What amount should

Pharoah Travel agency purchased land for $92,500 cash on December 10, 2020. At December 31,2020, the lands value has increased to 95,700. What amount should be reported for land or Pharoah's balance sheet at December 31, 2020

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