Laramie Company paid $1,100,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $204,000, Building, $720,000, and Office Furniture, $276,000. Based on this information the cost that would be allocated to the land is: (Do not round intermediate calculations.) Multiple Choice $204,000. $187,000. $152,320. $229,894