Question 15 Wilco Inc. purchases a parcel of land on December 1. Wilco signs a 5-year note payable for $100,000 in addition to paying cash of $100,000. Wilco also gives 5,000 shares of $1 par value common stock that traded for $5 per share on the date of purchase. What value should Wilco recognize for the land in their accounting records? O $225,000 O $205,000 O $100,000 5.73 pts O $200,000

Wilco Inc, purchases a parcel of land on December 1 . Wilco signs a 5-year note payable for $100,000 in addition to paying cash of $100,000. Wilco also gives 5,000 shares of $1 par value common stock that traded for $5 per share on the date of purchase. What value should Wilco recognize for the land in their accounting records? $225,000$205,000$100,000$200,000