Hibiscus Company purchased two buildings on six acres of land. The lump-sum purchase price independent appraisals, the fair values were $291,600 (building A) and $356,400 (building B) fo land. Required: Determine the initial valuation of the buildings and the land. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to vo buildings on six acres of land. The lump-sum purchase price was $1,200,000. According to values were $291,600 (building A) and $356,400 (building B) for the buildings and $432,000 for the f the buildings and the land. Tab button to launch this question. the Sove and Return to Assignment button in the lower right to return to Connect. Hibiscus Company purchased two buildings on six acres of land. The lump-sum purchase price was $1,200,000. According to independent appraisals, the fair values were $291,600 (building A) and $356,400 (bullding B) for the buildings and $432,000 for the land. Determine the initial valuation of the buildings and the land. Lump-sum purchase price: $1,200,000