Pitney Co. purchased an office building, land, and furniture for $773,400 cash. The appraised value of the assets was as follows:

Land	$	138,593
Building		277,187
Furniture		450,428
Total	$	866,208

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.