Exercise 6-6A (Algo) Allocating costs for a basket purchase LO 6-1 Pitney Co. purchased an office building, land, and forniture for $600,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total $134,400 201,600 336.000 5672,000 Required 6. Compute the amount to be recorded on the books for each asset b. Record the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Allocated Cost Land Building Furniture Total Required B > Required A Required B Record the purchase inla horizontal statements model. (In the cash low column, indicate whether the item is an operating activity (OA), an investing acti (FA): leave the cell blank if the Statement of Cash Flows is not affected. Enter any decreases to account balances and cash outflows with a minus sign. Do calculations. Round your final answers to the nearest whole dollar Not all cells will require entry.) PITNEY CO. Horizontal Statements Model Income Statement Statement of Cash Flow Balance Sheet Assets - Building Furniture + Liabilities Equity Revenue Expense Not Income Cash Land