In Year 2. the Denim Company bought an acre of land that cost $16.500. In Year 5, another company purchase $29.500 and a different company purchased another nearby acre of land for $27500. As a result, an appraiser estimated that the acre owned by Denim had increased in value to $28,500, Ir Denim prepares a balance sheet at the end of Year 5, the acre of land that it owns should be reported at Multiple Choice 556.500 0 $29.500 0 $27500 0 Multiple Choice $16.500 O $29,500 O $27,500 The average of all of the amounts