Pharoah Farms purchased real estate for $1,170,000, which included $4,100 in legal fees. It paid $244,000 cash and incurred a mortgage payable for the balance. The real estate included land that was appraised at $477,400, a building appraised at $750,200, and fences and other land improvements appraised at $136,400. The building has an estimated useful life of 60 years and a $51,000 residual value. Land improvements have an estimated 15 -year useful life and no residual value. (a) Calculate the cost that should be allocated to each asset purchased. Land Building Land Improvements \$