4 On January 1, Mitzu Co. pays a lump sum amount of $2.700,000 for land, Building 1. Building 2 and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $720,000, with a useful life of 20 years and a $85,000 salvage value Land Improvements 1 is valued at $420,000 and is expected to last another 14 years with no salvage value. The land is valued at $1,860,000. The company also incurs the following additional costs. Part 1 of 3 $ 339.400 195,400 Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $402,000 salvage value Cost of new Land Improvements 2 having a 20-year useful life and no salvage value 2,262,00 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column X Answer is not complete Allocation of purchase Appraised Total cost of Apportioned 2.700.000 2.700.000 Land Bolding 2 Land bulding Construction