Exercise 6-6A (Algo) Allocating costs for a basket purchase LO 6-1 Pitney Co. purchased an office building, land, and furniture for $720.000 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 80,640 322,560 403, 200 $806,400 Required a. 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 answers to nearest whole dollar) Allocated Cost Land Building Furniture Total s Raul Required B > Pitney Co purchased an office building, land, and furniture for $720,000 cash. The appraised value of the assets was as follows: Building Furniture Total $ 80,640 322,560 403,200 8806,400 Required a. 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 Required Record the purchase in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA); leave the cell blank of the Statement of Cash Flows is not affected. Enter any decreases to account balances and cash outflows with a minus sign. Do not round intermediate calculations, Round your final answers to the nearest whole dollar. Not all cells will require entry) Shows Balance Sheet Assets Building + Furniture PITNEY CO Horizontal Statement Model Income Statement Liabilities Equity Revenue Expense Statement of Cash Flow Cash Net Income Land