On February 2, Duck Repair Service extended an offer of $90,000 for land that had been priced for sale at $115,000. On February 16, Duck Repair Service accepted the seller's counteroffer of $100,000. On April 29, the land was assessed at a value of $110,000 for property tax purposes.
On August 30, Duck Repair Service was offered $130,000 for the land by a national retail chain. At what value should the land be recorded in Duck Repair Service's records?