Falcon Waste Management purchased land and a warehouse for $$610,000.$ In addition to the purchase price, Falcon made the following expenditures related to the acquisition: broker's commission, $$31,000$; title insurance, $$3,500$; miscellaneous closing costs, $$6,500.$ Assume that Falcon decides to use the warehouse rather than demolish it$.$ An independent appraisal estimates the fair value of the land and warehouse at $$497,000$ and $$213,000,$ respectively.

Determine the amounts Falcon should capitalize as the cost of the land and the building.

$\backslash$table$[[$Capitalized cost of land$],[$Capitalized cost of building$]]$