. Barbarino Corporation purchased land and a building for $1,400,000. An appraisal indicates that the land's market value is $1,000,000 and the building's market value is $600,000. When recording this transaction Barbarino should debit: Do not round any intermediary calculations, and round your final answer to the nearest dolor) O A Building for $600.000 OB Land for $1,000,000 O c. Building for $1.400.000 D. Land for $875,000 If a company capitalizes a cost that should have been expensed: A. expenses and net income will be understated in the year of the error, OB. expenses and net income will be overstated in the year of the error C. expenses will be understated and net income will be overstated in the year of the error OD. expenses will be overstated and net income will be understated in the year of the error Monthly sales are $500,000. Warranty costs are estimated at 3% of monthly sales Warranties are honored with replacement products, No defective products are returned during the month At the end of the month, the company should record a journal entry with a credit to O A Inventory for $15,000 OB. Estimated Warranty Payable for $15.000 OC. Sales for $15,000 OD. Warranty Expense for $15,000