When Jolt Co$.$ acquired $75\%$ of the common stock of Yelts Corp., Yelts owned land with a book value of $$70,000$ and a fair value of $$100,000.$

What amount should have been reported for the land on a consolidated balance sheet, assuming the investment was obtained prior to SFAS $141($R$)$ and the parent company concept was used?

A$.$ $$70,000$

B$.$ $$75,000$

C$.$ $$85,000$

D$.$ $$92,500$

E$.$ $$100,000$