Pitney Co. purchased an office building, land, and furniture for $699,700 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 86,203 297,792 399,669 $783,664 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Allocated Cost Land Building Furniture Total Required A Required B Show the purchase in a horizontal statements model. (In the Cash Flow column, use the initials OA to designate operating activity, for net change in cash. Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" no corresponding input needed.) PITNEY CO. Statements Model Equity Assets + Revenue - Expenses = Net Income Cash F Cash + Land Building + Furn. he Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC lances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is Show less PITNEY CO. atements Model = Equity Revenue - Expenses = Net Income Cash Flows