A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records?

Land $80,250; Land Improvements, $32,100; Building, $48,150. Land $75,000; Land Improvements, $30,000; Building, $45,000. Land $77,500; Land Improvements; $31,000; Building; $46,500. Land $82,750; Land Improvements, $33,100; Building, $49,650. Land $75,000; Land Improvements, $30,800; Building, $46,200.