Carver Incorporated purchased a bullding and the land on which the bullding is sltuated for a total cost of $867,900 cash. The land was appralsed at $169,674 and the bullding at $828,411. 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 building. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)