Mooney Sounds, a local stereo retailer, needed a new store because it had outgrown the leased space it had used for several years Mooney acquired and remodelled a former grocery store. As a part of the acquisition, Mooney incurred the following costs Cost of grocery store Cost of land (on which the grocery store is located) New roof for building Lumber used for remodelling Paint Wire and electrical supplies New doors New windows Wages paid to workers for remodelling Additional inventory purchased for grand opening sale $277,400 83,580 74,000 23,200 515 4,290 6,400 3,850 12,500 45,300 Required 1. Determine the cost of the land and the building Land Building