Merchant Company purchased property for a buliding site. The costs associated with the property were: What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building? Mutiple Choice $205,800 to Land; $0 to Buiding. \$2.07.800 to Land, $0 to Bullding $201,000 to Land; $5,800 to Bulding 5202, 800 to Land; $2,000 to Buliding