8 Group Work Saved - a. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. b. Would the company recognize a gain on the purchase? c. Record the purchase in a statements model like the following one. d. Record the purchase in general journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Would the company recognize a gain on the purchase? FREE ce Would the company recognize a gain on the purchase? Save text Check a. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. b. Would the company recognize a gain on the purchase? c. Record the purchase in a statements model like the following one. d. Record the purchase in general journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the purchase in a statements modd like the following one. (Do not round Intermediate calculations, Round your final answers to nearest whole dollar. I initials o to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA for not affected. Enter any decre minus sign.) CARVER INC Statements Model Balance Sheet Income Statement Expenses - Net Income Liabilities . Equity Revenue Assets Land Statement of Cash Flows Cash Building