Short Company purchased land by paying $23,000 cash on the purchase date and agreed to pay $23,000 for each of the next eight years beginning one-year from the purchase date. Short's incremental borrowing rate is 11%. The land reported on the balance sheet is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)

$141,361.

$184,000.

$207,000.

$79,842.