Chico Company paid $$500,000$ for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Office furniture $$110,000$; Building $$400,000,$ Land $$80,000.$ Based on this information, the amount of cost that would be allocated to the office furniture is closest to:

Multiple Choice

$$55,000.$

$$166,667.$

$$110,000.$

$$93,200.$