Cullumber Farms purchased real estate for $1,160,000, which included $5,600 in legal fees. It paid $257,000 cash and incurred a mortgage payable for the balance. The real estate included land that was appraised at $483,840, a building appraised at $739,200, and fences and other land improvements appraised at $120,960. The building has an estimated useful life of 60 years and a $53,000 residual value, Land improvements have an estimated 15 -year useful life and no residual value. (a) Calculate the cost that should be allocated to each asset purchased