Pitney Company purchased an office building, land, and furniture for $602,300 cash. The appraised value of the assets was as follows.

Pitney Company purchased an office building, land, and furniture for $602,300 cash. The appraised value of the assets was as follows. Land $ 74,203 Building 229,356 Furniture 371,017 Total 5 674,576 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model c. Prepare the general journal entry to record the purchase. Compute the amount to be recorded on the books for each a answers to nearest whole dollar.) Allocated Cost Land Building Furniture Total Required A Required B Required Record the purchase in a horizontal statements model. (In the Statement of Cash Flows column, use the initials oa to designate operating activity, IA to indicate that an element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign. Do not round in nearest whole dollar) PITNEY COMPANY Horizontal Statements Model Income Statement Balance Sheet Statement of Flows Assets - Net Income Stockholders Equity Expenses Liabilities Revenue Cash Land Building . Furniture + ournal entry worksheet . Record purchase of land, building and furniture for cash. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journa