Buffalo Co. purchased for $2,596,000 property that included both land and a building to be used in operations. The seller's book value was $354,000 for the land and $1,062,000 for the building. By appraisal, the fair value was estimated to be $590,000 for the land and $2,360,000 for the building. At what amount should Buffalo report the land and the building at the end of the year? (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places e.g. 58,971.) Cost allocated to land $ Cost allocated to building $