Pitney Co. purchased an office building, land, and furniture for $760,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total $170, 240 255, 360 425,600 $851,200 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.) Allocated Cost Land Building Furniture Total Pitney Co. purchased an office building, land, and furniture for $760,000 cash. The appraised value of the assets was as follows: Land Building Furniture $170, 240 255,360 425,600 $851,200 Total 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 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 (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 inte 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 Statement of Cash Flow Liabilities Equity Revenue Net Income Expense Cash + Land + Building + Furniture