Given Information:

Red Rock Bakery purchases land, building, and equipment for a single purchase price of $360,000. However, the estimated fair values of the land, building, and equipment are $115,000, $253,000, and $92,000, respectively, for a total estimated fair value of $460,000.

Required:

Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.

Please, I need help with this question.

Thank you

Required