Carla Vista Farms purchased real estate for \$1,200.000. which included \$4,900 in legal fees. It paid \$254,000 cash and incurred a mortgage payable for the balance. The real estate included land that was apprabed at $483.120, a building appraised at $738,100, and fences and other lanid improvements appraised at $120,780. The buildire has an estimated useful life of 60 years and a $51,000 residual value. Land improvements have an estimated 15 -year usetul life and no residual value. (3) Calculate the cost that should be allocated to each asset purchased. Record the purchase of the real estate. CCredit account tlies are outomotically inderited when the anount is entered Do not indere manually. If no entry as required, select "No Entry" for the occount tites and enter O for the anounts list all debit entrie before credit entried