Several years earlier the town received a donation of a parcel of land, upon which is expected to build. During fiscal 2020 it opted to sell the land for JD270. When acquired by the town, the land had a market value of JD238. Which of the following correctly records the sale of donated land in the governmental fund financial statements? Select one: a. None of the other choices b. Debit Land held for sale JD270; Debit Revenue from donations270 c. Debit Cash JD270; Credit Proceeds from sale of land JD270 d. Debit Cash JD270; Credit Donated land JD238, Credit loss on sale of land (revenue) JD32 e. Debit Cash JD270; Credit Donated land JD238, Credit Gain on sale of land (revenue) JD32 Clear my choice