Carey Company Buys Land for $50,000 on 12/31/09

Carey Company buys land for $50,000 on 12/31/09. As of 3/31/10, the land has appreciated in value to $50,700. On 12/31/10, the land has an appraised value of $51,800. By what amount should the Land account be increased in 2010?

A) $0
B) $700
C) $1,100
D) $1,800