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Pharoah Travel Agency purchased land for $92,500 cash on December 10, 2022. At December 31, 2022, the land's value has increased to $95,700. What amount

Pharoah Travel Agency purchased land for $92,500 cash on December 10, 2022. At December 31, 2022, the land's value has increased to $95,700. What amount should be reported for land on Pharoah's balance sheet at December 31, 2022? Land Amount

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