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please help with the following Required information [The following information applies to the questions displayed below.] On January 1, Mitzu Company pays a lump-sum amount

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Required information [The following information applies to the questions displayed below.] On January 1, Mitzu Company pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $671,000, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $579,500 and is expected to last another 19 years with no salvage value. The land is valued at $1,799,500. The company also incurs the following additional costs. Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $402,000 salvage value Cost of new Land Improvements 2, having a 20-year useful life and no salvage value $339,400 191,400 2,262,000 173,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column

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