12. Charles, Inc. paid $800,000 for property which included land, a building, and a parking garage. If the appraised values at the time of purchase are: Land $80,000; building $500,000; parking structure $160,000, how much should be included in the journal entry to record the cost of the cost of the building (rounded to the nearest dollar)? $900,000 $608, 108 $540,541 $500,000 $266,667 a) b)