Carver Incorporated purchased a building and the land on which the bulding is situated for a total cost of $828,100 cash. The land was appraised at $199,986 and the building at $752,329 Required a. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building 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