E8-4 Computing and Recording Cost and Depreciation of Assets in a Basket Purchase (Straight-Line Depreciation) LOB-2, B-3 Zeidier Comparry bought a buliding and the land on which the building is located for a total cash price of 3 tat,000. The company poid transier costs of $2,600. Renovation costs on the bulling were 532,900 . An independent appraiser provided market values for the land, $170,000, and buliding. $510,000 before tenguation. Required: 1. Apportion the cost of the property on the basis of the appraised values. (input all amounts as pesitive values.) 2. Prepore the journal entry to record the purchase of the buliding and tand, incueing all cipend tures. Assume that al bansactions were for cash and that all purchases occutred at the start of the yeat, fif no entry is required for a transactienilevent, seiect TNo fournal antry required" in the first account field) Journal entry worksheet flacore purchase of buitding and land. Thise timer datuta telipe axatis. yeans and an ettimated restituat value of $14.600