Check my work Red Rock Bakery purchases land, building, and equipment for a single purchase price of $540,000. However, the estimated fair values of the land, building, and equipment are $160,000, $384,000, and $96,000, respectively, for a total estimated fair value of $640,000. 12.5 points Required: Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment. (8 03:50:06 Estimated Fair Value Allocation Percentage Amount of Basket Purchase Recorded Amount eBook $ Hint Land Building Equipment Total 160,000 384,000 96,000 640,000 % References