Swanson Corporation purchased land from Clayton Corporation for $229,000 on December 20, 20X3. This purchase followed a series of transactions between Swanson-controlled subsidiaries. On February 7, 203, Sullivan Corporation purchased the land from a nonaffiliate for $155,000. It sold the land to Kolder Company for $137,000 on October 10, 20X3, and Kolder sold the land to Clayton for $178,000 on November 27, 20X3. Swanson has control of the following companies: Subsidiary Sullivan Corporation Kolder Company Clayton Corporation Level of Ownership 80 percent 70 percent 20X3 Net Income $ 129,000 90 percent 63,000 88,000 Swanson reported income from its separate operations of $159,000 for 20X3. Note: Leave no cell blank, enter "O" wherever required. Required: a. At what amount should the land be reported in the consolidated balance sheet as of December 31, 20X3?