4 Check my world Pinewood Company purchased two buildings on four acres of land. The lump sum purchase price was $1700,000. According to Independent appraisals, the fair values were $10.000 (building A) and $360,000 (building B) for the buildings and 5630,000 for the land. Required: Determine the initial valuation of the buildings and the land. Arcet Initial Valuation int Building A Building B Land Total 1