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Sheridan Company buys land for $159000 on 12/31/16. As of 3/31/17, the land has appreciated in value to $165200. On 12/31/17, the land has an

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Sheridan Company buys land for $159000 on 12/31/16. As of 3/31/17, the land has appreciated in value to $165200. On 12/31/17, the land has an appraised value of $168400. By what amount should the Land account be increased in 2017? $3200. $6200. $9400. $0

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