Pitney Co. purchased an office building, land, and furniture for $730,000 cash. The appraised value of the assets was as follows: Land $ 81,760 Building Furniture Total 245,280 490,560 $817,600 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. 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 Allocated Cost Furniture Total $ 0 < Required A Required B > Required A Required B Record the purchase in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financi (FA); leave the cell blank if the Statement of Cash Flows is not affected. Enter any decreases to account balances and cash outflows with a minus sign. Do not round intermedia calculations. Round your final answers to the nearest whole dollar. Not all cells will require entry.) PITNEY CO. Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities + Equity Revenue Expense = Cash + Land + Building + Furniture Net Income Statement of Cash Flow + + +