Question 9 ABC Company's accounting records reported the following. account balances as of December 31, 2028: Inventory Trademark D B 11 8 Interest revenue Accounts receivable O Cost of goods sold 1 -B Utilities expense Salaries payable ... Accumulated Land .... 1 B N Dividends Income tax expense Common stock Rental revenue Supplies Notes payable .. Retained earnings Sales revenue L L M 3 C 11 C 8 Equipment Copyright ... Accounts payable Salaries expense Cash depreciation L 1 1 O N 1 I - L 1 1 B L L E R E 110 20 NO E 1 13 M B 1 18 L N R U B W B 4 R B M W 1 . M B L = U L 11 - $54,000 $16,000 $35,000 $48,000 $31,000 $24,000 $19,000 $37,000 ? $11,000 $23,000 ? $36,000 $28,000 $74,000 $25,000 (at Jan. 1, 2028) $93,000 $82,000 $41,000 $79,000 $38,000 $17,000 Additional information: ABC Company's total equity at December 31, 2028 was equal to 75% of the total liabilities at December 31, 2028. Calculate the balance in the land account at December 31, 2028.

ABC Company's accounting records reported the following account balances as of December 31, 2028: Additional information: ABC Company's total equity at December 31, 2028 was equal to 75% of the total liabilities at December 31, 2028. Calculate the balance in the land account at December 31, 2028