Pitney Company purchased an office building, land, and furniture for $700,000 cash. The appraised value of the assets was as follows Land Building Furniture Total Required $ 78,400 258,720 446,880 $ 784,000 a. Compute the amount to be recorded on the books for each asset. b. Show 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. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Allocated Cost Land Building Furniture Total Required A Required B > Show the purchase in a horizontal statements model. Note: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change i and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar. PITNEY COMPANY Horizontal Statements Model Balance Sheet Assets Cash Land Building Liability Furniture Income Statement Stockholder's Equity Revenue Expenses Net Income Statement of Cash Flows Required A Required B OA IA FA NC