If a company is considering the purchase of a parcel of land that was acquired by the seller for $97,000 is offered for sale at $174,000, is assessed for tax purposes at $107,000, is considered by the purchaser as easily being worth $164,000, and is purchased for $161,000, the land should be recorded in the purchaser's books at:

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)