Prime Co paid $200,000 to purchase a piece of land on which to build a new building Additional costs incurred were Real estate broker's commissions Legal fees of purchasing the real estate Landscaping expenses Expense to demolish old house located Jon land Proceeds from selling materials salvaged from old house $10,800 1,400 6,000 1,500 900 What dollar amount of the above costs should be allocated to Land and what amount should be allocated to the new Building?