2 Pitney Co. purchased an office building, land, and furniture for $778,200 cash. The appraised value of the assets was as follows: nts Land Building Furniture Total $122,022 278,907 470,655 $871,584 01:20:37 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar) Allocated Cost Land Building Furniture Total Pitney Co. purchased an office building, land, and furniture for $778,200 cash. The appraised value of the assets was as follows: Land Building Furniture Total $122,022 278,907 470,655 5871,584 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Show the purchase in a horizontal statements model. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financin for net change in cash. Enter any decreases to account balances with a minus sign. Not all cells in the Statement of Cash Flows column may require an input leave cell no corresponding input needed.) PITNEY CO Statements Model Equity Revenue Expenses Net Income Cash Flows Assets Building Cash Land + Furn