Barbarino Corporation purchased land and a building for $1, 200, 000. An appraisal indicates that the land's market value is $500, 000 and the building's market value is $1, 000, 000. When recording this transaction Barbarino should debit: (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Select one: land for $400, 000. Land for $500, 000. Building for $1, 200, 000. Building for $1, 000, 000