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On March 3 1 , 2 0 2 3 , Capital Investment Advisers paid $ 4 , 6 0 0 , 0 0 0 for

On March 31,2023, Capital Investment Advisers paid $4,600,000 for land with two buildings on it. The plan was to demolish Building 1
and build a new store (Building 3) in its place. Building 2 was to be used as a company office and was appraised at a value of
$1,028,720. A lighted parking lot near Building 2 had improvements (Land Improvements 1) valued at $607,880. Without considering
the buildings or improvements, the tract of land was estimated to have a value of $3,039,400. Capital incurred the following additional
costs:
Cost to demolish Building 1
Cost of additional landscaping
Cost to construct new building (Building 3)
Cost of new land improvements near Building 2(Land Improvements 2)
Required:
Allocate the costs incurred by Capital to the appropriate columns and total each column.
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