(83) Pitney Company purchased an office building, land, and furniture for $760,800 cash. The appraised value of the assets was as follows. Land $ 170,419 Building 213,024 Furniture 468,653 Total $ 852,096

Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. c. Prepare the general journal entry to record the purchase.