Exercise 8-6A (Algo) Allocating costs for a basket purchase LO 8-1 Pitney Company purchased an office building, land, and furniture for $690,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total Required $146,832 208,656 417,312 $ 772,800 a. Compute the amount to be recorded on the books for each asset. b. Show 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. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar Allocated Cost Land Building Furniture Total Required A Required B > Check my work Complete this question by entering your answers in the tabs below. Required A Required B Show the purchase in a horizontal statements model. Note: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for Investing activity, FA for financing activity, and NC far net change in cas and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar PITNEY COMPANY Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Assets Liability Cash Land Building Furniture Stockholder's Equity Revenue Expenses Net Income Flows