On January $1,$ Mitzu Company pays a lump$-$sum amount of $$2,800,000$ for land, Building $1,$ Building $2,$ and Land Improvements $1.$ Building $1$ has no value and will be demolished. Building $2$ will be an office and is appraised at $$649,000,$ with a useful life of $20$ years and a $$80,000$ salvage value. Land Improvements $1$ is valued at $$472,000$ and is expected to last another $16$ years with no salvage value. The land is valued at $$1,829,000.$ The company also incurs the following additional costs.

Cost to demolish Building $1$

Cost of additional land grading

Cost to construct Building $3,$ having a useful life of $25$ years and a $$400,000$ salvage value

Cost of new Land Improvements $2,$ having a $20-$year useful life and no salvage value

$$342,400$

$189,400$

$2,282,000$

$173,000$

Required:

Allocate the costs incurred by Mitzu to the appropriate columns and total each column.

$\backslash$table$[[$Allocation of Purchase Price,$\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of$],[$Total$],[$Appraised$],[$Value$]],,\backslash$table$[[$Total cost of$],[$acquisition$]],=,],[$Land$,,,,,=,],[$Building $2,,,,,=,],[$Land Improvements $1,,,,,,],[$Totals$,$$$,0\%,,,$$$,]]$

$\backslash$table$[[,$Land,Building $2,$Building $3,\backslash$table$[[$Land$],[$Improvements $1]],\backslash$table$[[$Land$],[$Improvements $2]]],[$Purchase Price$],[$Demolition$],[$Land grading$],[$New building $($Construction cost$)],[\backslash$table$[[$New improvements$]]],[$Tntole$,$$$,5,,8,$a$]]$