On february 3, snap repair service extended an offer of $114,000 for land that had been priced for sale at $130,000. on february 28, snap repair service accepted the seller's counteroffer of $124,000. on october 23, the land was assessed at a value of $186,000 for property tax purposes. on january 15 of the next year, snap repair service was offered $198,000 for the land by a national retail chain. at what value should the land be recorded in snap repair service's records?