A 300,000-square-foot building was acquired for $3,600,000. The values determined for each of the components acquired were:

Components	Values	Estimated life
Land	$1,000,000	No estimate
Building, if vacant (	2,000,000	40 years
Tennant relationships	250,000	No estimate
In-place leases	350,000	6 years
Above-market leases	180,000	4 years
Below-market leases	(90,000)	8 Years
TOTAL	$3,690,000

Required: 1. Prepare a table showing the allocation of the purchase price to the individual assets acquired. 2. Show the journal entry (oer enatries) that the purchaser would record to jurnalize the purchase (please use proper journal entry formatting). 3. Show the journal entry (or entries) that the purchaser would record to jurnalize all the depreciation/amortization to be taken for the first year of ownership of the building, assuming the purchase took place on January 1 and the purchaser prepares financial statements annually on December 31. (assume no prior adjusting entris were made with regards to depreciation/mortization and use proper journal entry formatting).