Question $4($Mandatory$)(2$ points$)$

A building with an appraisal value of $$1$$$4,000$ is made available at an offer price of $$172,000.$ The purchaser acquires the property for $$40,000$ in cask, a $$0-$day note payable for $$45,000,$ and a mortgage amounting to $$75,000.$ The cost basis recorded in the buyer's accounting records to recognire this purchase is

a$)$ $$154,000$

b$)$ $$172,000$

c$)$ $$160,000$

d$)$ $$120,000$