A company purchased property for $140,000. The property included a building, equipment and land. The building was appraised at $98,000, the land at $63,000, and the equipment at $36,000 for a total appraised value of $197,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.). Multiple Choice $98,000 $69,580 $140,000