A company purchased property for $120,000. The property included a building, equipment and land. The building was appraised at $90,000, the land at $59,000, and the equipment at $32,000 for a total appraised value of $181,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.)

$0

$59,640

$90,000

$120,000