On March 31, 2020, Capital Investment Advisers paid $4,650,000 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 $889,390. A lighted parking lot near Building 2 had improvements (Land Improvements 1) valued at $608,530. Without considering the buildings or improvements, the tract of land was estimated to have a value of $3,183,080. 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) 727,160 276,020 2,484,000 256,200 Required: 1. Allocate the costs incurred by Capital to the appropriate columns and total each column Land Building 2 Building 3 Land Land Improvements 1 Improvements 2 $ 3,183,080 Purchase price Demolition Landscaping New building New improvements Totals $ 3.183,080