Pitney Company purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows: Land $ 180,000 Building 300,000 Furniture 120,000 Total $ 600,000 Required Compute the amount to be recorded on the books for each asset. Show the purchase in a horizontal statements model. Compute the amount to be recorded on the books for each asset. Allocated Cost Land Building Furniture Total $0