Enterprising Inc. pays $310,000 plus $15,000 in closing costs to buy out a competitor. The purchase consists of 3 distinct assets: land appraised at $35,000,a building appraised at $105,000,and cGraw-Hill vehicles appraised at $210,000.At what cost should the building be reported on the company's onnect books?

$118,548 None of the answer choices provided are correct. $120,000.$97,500. $105,000.