Pitney Co. purchased an office building, land, and furniture for $769,400 cash. The appraised value of the assets was as follows: Land Building Furniture Total $163,728 224,049 473,950 $861,728 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model like the following one: c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 Pitney Co. purchased an office building, land, and furniture for $769,400 cash. The appraised value of the assets was as follows: Land Building Purniture Total $763,728 224,049 473,950 $861220 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model like the following one: c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required B Required Show the purchase in a horizontal statements model like the following one: (Do not round Intermediate calculations. Round your final answers to nearest whole dollar. In column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA for not affected. Enter any account balances with a minus sign.) PITNEY CO. Statements Model Equity Revenue Expenses Net Income Cash Flows Assets Building Cash . Land Furn. Journal entry worksheet