Question 5 (3.75 points) On November 1, 2020, MHC Ltd. signed a four-year, zero-interest, $300,000 note payable with Flint Co. in exchange for a piece of land assessed at $250,000. If MHC had borrowed the money from the bank, the interest rate would be 5%. At what amount should the land be recorded at on November 1, 2020? $205,676 $250,000 $246,811 $300,000