Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $857.800 cash. The land was appraised at $167,700 and the building at $818,770. Required a. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. 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. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the buliding. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)