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Cullumber Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $403,200. The estimated fair values of the assets are land

Cullumber Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $403,200. The estimated fair values of the assets are land $76,800, building $281,600, and equipment $102,400. At what amounts should each of the three assets be recorded?

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