On April 1, 2020, Renfro Corporation purchased land, a building, and some equipment for $680,000. The following information is available concerning the property purchased: Current Market Value Land 139,000 382,250 173,750 .. Equipment . . .. Before the property could be used, Renfro had to spend $20,000 to renovate the building and $11,000 to put the equipment in working order. Calculate the cost assigned to the building. Do not use decimals in your