26. Stark's Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Tessa's Co., for a lump-sum price of P7,000,000. At the time of purchase, Tessas assets had the following book and fair values.

	Book Value	Fair Values
Land	2,500,000	2,750,000
Building	3,500,000	4,500,000
Equipment	2,000,000	2,750,000

What is the value of each type of asset to be recorded in accounting records?

a. Land - 1,925,000 ; Building 3,150,000 ; Equipment 1,925,000

b. Land 2,500,000 ; Building 3,500,000 ; Equipment 2,000,000

c. Land 2,750,000 ; Building 4,500,000 ; Equipment 2,750,000

d. Land - 2,187,500 ; Building 3,062,500 ; Equipment 1,750,000