Chapter 10 Homework 9 1 points Saved Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,100.000. According to independent appraisals, the fair values were $990,000 (building A) and $550,000 (building B) for the buildings and $660,000 for the land. Required: Determine the initial valuation of the buildings and the land. Asset Initial Valuation 00:59:37 Building A Building B rook Pent Land Total