On February 26 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,406,000; $371,000 was allocated to the basis of the land and the remaining $1,035,000 was allocated to the basis of the building. (Use MACRS Iable 1, Iable 2, Iable 3, lable 4 andIable 5) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)