Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton. The entry that Shorecrest should use to record this land is:

a. Land.............................. 250,000 Gain from Receipt of Donated Land 250,000

b. Land.............................. 250,000 Donated Capital-Land 250,000

c. Land.............................. 250,000 Retained Earnings................ 250,000

d. Land.............................. 250,000 Unrealized Gain from Receipt of Donated Land.................. 250,000