*fill in blank squares with blue border

On January 1, Mitzu Co. pays a lump sum amount of $2,750,000 for land. Building 1, Building 2 and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $854,000, with a useful life of 20 years and a $20,000 salvage value. Land Improvements 1 is valued at $244,000 and is expected to last another 8 years with no salvage value. The land is valued at $1952,000. The company also incurs the following additional costs. Cost to demolish Building 1 Cost of additional land grading Cost to construct Building , huing a unutul lite of 25 years and $402,000 salvage valve Cost of new Land Improvementa 2 having a 20-year stul life and no salvage value 5 346,400 193,400 2,262,00 173,00 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column Allocation of purchase price Appraised Value Percent of Total Appraised Value Total cost of acquisition Apportioned Cost Land Building 2 Land improvements 1 Total $ 0% $ 0 Land Building 2 Building 3 Land Land Improvements 1 Improvements 2 Purchase price Demolition Landgrading New building Construction cost) Now improvements Totals $ os os os 0 $