LinkUp, Inc. paid $450,000, plus $25,000 in closing costs, to buy a parcel of land with a factory on it. The purchase also contained equipment. The land is appraised at $130,000, a building appraised at $325,000, and equipment appraised at $50,000. Compute the cost that should be allocated to the and. $505,000 $47,030 $122.277 $130,000