Next Page Question 1 (1 point) Page 1 of 5 A company purchased land and a building for $250,000. An independent appraisal values the land at $229.167 and the building at $83,333. What would be the journal entry to record this transaction? Dr. Building $83,333 and Dr. Land $229,167; Cr. Cash $312.500 Dr. Building $66,667 and Dr. Land $183,333; Cr. Cash $250,000 Dr. PPE $250,000; Cr. Accumulated Depreciation $250,000 Dr. Building $83,333 and Dr. Land $229,167; Cr. Gain $62,500 and Cr. Cash $250,000 Next Page Page 1 of 5