Red Rock Bakery purchases land, building, and equipment for a single purchase price of $ 600,000. However, the estimated fair values of the land, building, and equipment are $ 175,000, $ 455,000, and $ 70,000, respectively, for a total estimated fair value of $ 700,000.

Required:
Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.