Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $1,900,00 According to independent appraisals, the fair values were $900,000 (building A) and $400,000 (building B) for the buildings and $700,000 for the land. ts Required: Determine the initial valuation of the buildings and the land. Asset Valuation Land Building A ook int Building B Total rint rences