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my wo Pitney Co purchased an office building, land, and furniture for $670,000 cash. The appraised value of the assets was as follows: Land Building

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my wo Pitney Co purchased an office building, land, and furniture for $670,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 97,552 232,624 420,224 $750,400 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required Compute the amount to be recorded on the books for each asset. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar.) Allocated Cost Land Building Fumiture Total Pitney Co purchased an office building, lond, and furniture for $670,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 97,552 232,624 420.224 $750,400 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required Show the purchase in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. Round your final PITNEY CO. Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flow Assets Liability Stockholder's Equity Revenue Expenses Net Income Cash Land Building . Fum. .

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