lowell corporation acquired 90 percent of the outstanding voting stock of subsidiary inc., on january 1, 2020. at the end of 2021, selected figures from the two companies' balance sheets were as follows: parent subsidiary inventory $ 260,000 $ 102,000 land 720,000 320,000 equipment (net) 520,000 420,000 in 2020, subsidiary sold land costing $42,000 to parent for $74,000. on the 2021 consolidated balance sheet, what value should be reported for land?