Date On May 5, 2022 White Water Adventures purchased a property for $500,000 cash. The property included the following long-lived assets: Appraised Value $120,000 200,000 80,000 $400,000 Give the journal entry to allocate the purchase price between the above assets. Round all amounts to the nearest dollar, if necessary. Item Land Building.. Outdoor Lighting. Appraised value General Journal Account Titles Ratio Debit Cost Allocation Credit