Exercise 8-6A Allocating costs for a basket purchase LO 8-1 Pitney Co purchased an office building, land, and furniture for $784,600 cash. The appraised value of the assets was as follows: Land Building Furniture Total $158,175 228.476 492, 101 5878 752 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model like the following one: c. Prepare the general journal entry to record the purchase