Carver Inc. purchased a building and the land on which the building is situated for a total cost of $950,900 cash. The land was appraised at $251,513 and the building at $842,022. 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? a. 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.) Land Building Allocated Cost $ 251,513 842,022 Total 1,093,535 Required B Required > Carver Inc. purchased a building and the land on which the building is situated for a total cost of $950,900 cash. The land was appraised at $251,513 and the building at $842,022. 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 enteri wers 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 (IA), 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.) CARVER INC Horizontal Statements Model Balance Sheet Income Statement Assets - Liabilities - Statement of Cash Equity Net Revenue - Expense Flows Land Building Income 842,022 + 251,513 - 1,093,535 1,093,535 - 950,900 - 142,635 (950,900) A (950.900)