Carmela Company purchased a building and land for $540,000 in total.

Carmela Company purchased a building and land for $540,000 in total. Individually, the land appraised for $118,000 and the building appraised for $472,000. How much of the purchase price should be allocated to the cost of the land? O A. $118,000 OB. $94,400 O C. $108,000 OD. $540,000