A company purchases a property that has both land and a building for a total of $2,100,000. If the fair value of the land is $1,400,000 and the fair value of the building is $900,000, how much should be allocated to each fixed asset? (Ch10) $1,278,261 to land; $821,739 to buildings $1,400,000 to land; $700,000 to buildings $1,400,000 to land; $900,000 to buildings $1,150,000 to land; $1,150,000 to buildings