Was acquired in 2024 for a future building site at a cost of $41,300. The assessed valuation for tax purposes is $28,500, a qualified appraiser placed its value at $49,100, and a recent firm offer for the land was for a cash payment of $45,900. The land should be reported in the financial statements at Multiple Choice $49300 $28.500 $41,300 $49300 $28,500. $41,300 $45,900. The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales Total assets $ 10,825 4,492 End of year balance in cash 1,177 Total stockholders' equity 529 Gross profit (Sales Cost of Sales) 2,532 23 Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net Compute Orinoco's total liabilities at the end of the year 2,065 615 (26) $4,492 $2,321 $3,242 $3,963