Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $860,300 cash. The land was appraised at $217,656 and the building at $771,689 Required a. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the buliding b. Would the company recognize a gain on the purchase? c. Record the purchase in a horizontal statements model. d. Record the purchase in general journal format. Complete this question by entering your answers in the tabs below