Question 32 (1 point) Profilo Co. has the following assets and liabilities: Assets: cash, $100; accounts receivable, $150; Inventory, $240; land, $200; plant, net of accumulated amortization, $300, Liabilities: short-term bank loan, $60; accounts payable, $160; long-term mortgage loan, $160. The land would be valued at a) historic cost less depreciation b) replacement cost O c) historic cost d) market value