Exercise 8-6A Allocating costs for a basket purchase LO 8-1 Pitney Co. purchased an office building, land, and furniture for $685,100 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 76,731 253,213 437,368 $767,312 Required d. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C 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.) Land Building Furniture Total $76,731 253,213 437,368 $767,312 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C 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 Required A Required B Required Show the purchase in a horizontal statements model like the following one: (Do not round intermediate calculations. Round your final answers to nearest w column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA for not affect account balances with a minus sign.) PITNEY CO. Statements Model Equity Assets Revenue - Expenses - Net Income Cash Flows Cash + Land Building Record purchase of land, building and furniture for cash. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal