1 point On April 1, 20x1, ESCULENT EDIBLE Co. purchased land and building by paying P40,000,000 and assuming a mortgage of P8,000,000. The land and bullding have appraised values of P20,000,000 and P40,000,000, respectively. The building will be used by ESCULENT Co. as its new office. Additional costs relating to the purchase include the following: Legal cost of conveying and registering title to land P32,000; Payment to tenants to vacate premises 36,000; Option paid on the land and bullding 24,000: Option pald on similar land and bullding not acquired 12,000; Broker's fee on the land and building 60,000; Unpald real estate taxes prior to April 1. 20x1 assumed by ESCULENT Co. (assessed on land) 120,000; Real estate taxes after April 1, 20x180,000: Repairs and renovation costs before the bullding is occupied 160,000; Repair costs after the building is occupied 200,000. How much are the respective costs of the land and the bullding? O 14,592,000; 24,440,000 O 15,492,000; 32,640,000 16,192,000: 32,240,000 O 17,292,000; 23,420,000