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Sheridan Company buys land for $125000 in 2021. As of 3/31/22, the land has appreciated in value to $133600. On 12/31/22, the land has an

Sheridan Company buys land for $125000 in 2021. As of 3/31/22, the land has appreciated in value to $133600. On 12/31/22, the land has an appraised value of $136700. By what amount should the Land account be increased in 2022?

$8600.

$11700.

$0.

$3100.

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