Carver Inc. purchased a building and the land on which the building is situated for a total cost of $827100 cash. The land was appraised at $218,768 and the building at $732,397 Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building, C. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required B Required C Required D Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. (Round Intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Allocated Cost Building Carver Inc. purchased a building and the land on which the building is situated for a total cost of $827100 cash. The land was appraised at $218,768 and the building at $732,397. Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required B Required Required D Would the company recognize a gain on the purchase? Would the company recognize a gain on the purchase? Carver Inc. purchased a building and the land on which the building is situated for a total cost of $827,100 cash. The land was appraised at $218,768 and the building at $732,397 Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required B Required C Required D Record the purchase in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (TA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Round intermediate calculations to 2 decimal places and final answers to the nearest whole number) Show less CARVER INC Horizontal Statements Model Income Statement Statement of Cash Net Ats Land - Liabilities - Equity Revenue - Expense = Buildina