Pinewood Company purchased two buildings on four acres of land. The lump$-$sum purchase price was $$900,000.$ According to independent appraisals, the fair values were $$450,000($building A$)$ and $$250,000($building B$)$ for the buildings and $$300,000$ for the land.

Required:

Determine the initial valuation of the buildings and the land.

$\backslash$table$[[$Asset$,$Initial Valuation$],[$Building A$,],[$Building B$,],[$Land$,],[$Total$,]]$