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Relay Company traded 20,000 shares of its P200 par value ordinary shares for land on July 1, 2021. An independent appraiser valued the land at

Relay Company traded 20,000 shares of its P200 par value ordinary shares for land on July 1, 2021. An independent appraiser valued the land at P5,000,000 a few months ago. Relay's shares are now trading at P300 on the stock exchange. How much should be debited for the land account? P5,000,000 P6,000,000 O P7,000,000 P4,000,000

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