Pitney Co. purchased an office building, land, and furniture for $740,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total Required $ 82,880 331,520 414,400 $828,800 a. Compute the amount to be recorded on the books for each asset. b. Record 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.) Land Building Furniture Total Allocated Cost

Pitney Co. purchased an office building, land, and furniture for $740,000 cash. The appraised value of the assets was as follows: Required a. Compute the amount to be recorded on the books for each asset. b. Record the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final enswers to nearest whole dollse.) Complete this question by entering your answers in the tabs below. Record the purchase in a horizontal statements model, (In the Cash Flow column, indicate whether the item is an operating activity (OA), an inv (FA); leave the cell biank if the Statement of Cash Flows is not affected. Enter any decreases to account balances and cash outflows with a mint calculations, Round your final answers to the nearest whole dollar, Not all cells will require entry.) Pitney Co. purchased an office building, land, and furniture for $740,000 cash. The appraised value of the assets was as follows: Required a. Compute the amount to be recorded on the books for each asset. b. Record the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final enswers to nearest whole dollse.) Complete this question by entering your answers in the tabs below. Record the purchase in a horizontal statements model, (In the Cash Flow column, indicate whether the item is an operating activity (OA), an inv (FA); leave the cell biank if the Statement of Cash Flows is not affected. Enter any decreases to account balances and cash outflows with a mint calculations, Round your final answers to the nearest whole dollar, Not all cells will require entry.)