Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton. The entry that Shorecrest should use to record this land is:

a. Land.............................. 250,000
Donated Capital-Land 250,000
b. Land.............................. 250,000
Gain from Receipt of Donated Land 250,000
c. Land.............................. 250,000
Unrealized Gain from Receipt of
Donated Land.................. 250,000
d. Land.............................. 250,000
Retained Earnings................ 250,000

A