Burr publishers purchased a building on march 20, 20x1, for $160,000. other amounts related to this purchase are as follows: price listed by seller on jan. 1, 20x1, $180,000burr publishers’ initial offer to buy on jan. 31, 20x1, $140,000purchase price on mar. 20, 20x1, $160,000estimated selling price on dec. 31, 20x3, $220,000assessed value for property taxes, dec. 31, 20x3, $190,000which amount related to this purchase should be recorded in the accounting records? (a) 220,000(b) 180,000(c) 140,000(d) 160,000