Carver the purchased a bulliding and the iand on which the buitding is situated for a total cost of $907 too cash. The land was approised at $166,906 and the buldding at $876,259. Required a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the buliding. c. Would the company recognize a gain on the murchase? d. Record the purchase in a horizontal stotements model. Complete this question by entering your answers in the tabs below. Record the purchase in a horizontal statements model. (th the Cach fiow columny indicate whether the item is an operating activity (CA), an irvesting activity (IA.). or a financing activity (FA), If an element is not affected by the event, leave the cell blank. Enter any decreoses to account balances and cash autfour with a minus sign. Round intermediate caiculations to 2 decimal places and final answers to the nearest whole number, Not all cels will require entry.)