MD Owns a Tract of Land, Which It Purchased in 2010

MD owns a tract of land, which it purchased in 2010 for $100,000. The land is held as a future plant site and has a fair market value of $140,000 on July 1, 2013. HC also owns a tract of land held as a future plant site. HC paid $180,000 for the land in 2011 and the land has a fair market value of $200,000 on July 1, 2013. On this date, MD exchanged its land and paid $50,000 cash for the land owned by HC. At what amount should MD record the land acquired in the exchange?

A) $150,000
B) $160,000
C) $190,000
D) $200,000