Laramie Company paid $2,300,000 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, $696,000,B Building, $864,000, and Office Furniture, $840,000. Based on this information the cost that would be allocated to the land is: (Do not round intermediate calculations.) Multiple Choice 5465,560 $667,000 $696.000 $830,896