On June 25, AAA Repair Service extended an offer of $64,000 for land that had been priced for sale at $74,000. On July 9, AAA Repair Service accepted the seller's counteroffer of $70,000. On October 1, the land was assessed at a value of $105,000 for property tax purposes. On December 22, AAA Repair Service was offered $112,000 for the land by a national retail chain. At what value should the land be recorded in AAA Repair Service's records

A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.