Exercise 7-3 (Algo) Allocate costs in o basket purchase (LO7-1) Cold Stone Bakery purchases land, buliding, and equipment for a single purchase price of $580,000. However, the estimated fair values of the land; building, and equipment are $204,000,$408,000, and $68,000, respectively, for a fotal estmoted farr value of $680000 Required: Determine the amounts Cold Stone should record in the separate accounts for the land, the bulling, and the equipment