Pitney Company purchased an office building, land, and furniture for $704,400 cash. The appraised value of the assets was as follows. Land $ 142,007 Building 197,232 Furniture 449,689 Total $ 788,928 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