A company purchases property that includes land, buildings and equipment for $4.5 million. The company pays $172,000 in legal fees, $223,000 in commissions, and $118,000 in appraisal fees. The land is estimated at 26%, the buildings are at 36%, and the equipment at 38% of the property value. Required: a. Determine the total acquisition cost of this "basket purchase." (Enter your answer in whole dollars and not in millions.) Acquisition cost b. Allocate the total acquisition cost to the individual assets acquired. (Enter your answers in whole dollars and not in millions.) Land Buildings Equipment