Brielle Phan, Attorney at Law purchased an office building with the accompanying land for $1.200,000. The latest tax assessment records value this property as follows: Land at $426,015 and Building at S577,045. How will Brielle allocate the cost of this property on the books of her law firm? Round percents to two decimal places. For example, 0.453278 would be 45.33% when the percent is rounded to two decimal places Round final answer to the nearest dollar Cost allocated to Land: $ Cost allocated to Building: S Grey's Inc. decided to dispose of a piece of equipment and upgrade to a new model. They had purchased the old evaporator on January 1, 2012 for $16,000. There was no salvage/residual value and the useful life Grey's used was 6 years. Grey's depreciated the machinery using the Straight Line method. Grey's sold the equipment on June 30, 2016 to Tavon for S1600. a) Calculate the Book Value at time of sale. (Do not round the depreciation per year) b) Calculate Grey's gain or loss on this sale? Enter a loss as a negative value. c) Journalize this sale on Grey's books on June 30, 2016. Date Description Debit Credit June 30