2. (5 points) Convent, Inc. purchased land and an old building on a piece of land as part of its plans to tear down the old building and then build a new building. The negotiated purchase price is $800,000 for the land plus $225,000 for the old building. The company pays $42,000 to tear down the old building and $19,000 to fill and level the land. It also pays a total of $1,900,000 in construction costs- this amount consists of $1,600,000 for the new building and $300,000 for lighting and paving a parking lot next to the building. Finally, United paid an architect $17,000 to design the new building. Required: a. How much should be recorded as land? b. How much should be recorded as building