Exercise 7-3 (Algo) Allocate costs in a basket purchase (LO7-1) Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $300,000. However, the estimated fair values of the land, building, and equipment are $100,000, $260,000, and $40,000, respectively, for a total estimated fair value of $400,000. Required: Determine the amounts Cold Stone should record in the separate accounts for the land, the building, and the equipment