4 Required information [The following information applies to the questions displayed below) On January 1, Mitru Co, pays a lump-sum amount of $2,800,000 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 $75,000 salvage value Land Improvements 1 is valued at $480,000 and is expected to lost another 16 years with no salvage value. The land is valued at $1,800,000. The company also incurs the following additional costs, Part 1 of 3 714 points $ 349.400 187,400 Spong Cost to demolish muslding 1 Coat of additional land grading Cost to construct muilding), having a weful lite of 25 years and a $402,000 salvage value Cost of new Land Improvements 2 having a 20-year unul life and no salvage value 2,282,000 173,000 Print ferences Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Allocation of purchase price Appraised Value Percent of Total Appraised Value Total cont of acquisition Apportioned Cost Land Building 2 Land Improvements 1