Harding Corporation Acquired Real Estate That Contained Land, Building and Equipment

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Harding paid $350,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $374,000; Building, $1,100,000 and Equipment, $726,000.What value will be reported for the land on the balance sheet?

A) $370,000
B) $1,100,000
C) $323,000
D) $760,000