Land and a warehouse were acquired for $710,000. What amounts should be recorded in the accounting records for land and for the warehouse if an appraisal showed the estimated values to be $360,000 for the land and $695,000 for the warehouse?(Round intermediate percentage calculations to 1 decimal place.)

	$360,000 for land; $710,000 for warehouse.
	$242,110 for land; $467,890 for warehouse.
	$360,000 for land; $695,000 for warehouse.
	$15,000 for land; $695,000 for warehouse.