Purchase price Real estate commissions Legal fees Expenses of clearing the land Expenses to remove old building $ 194,000 16,900 2,700 3,900 2,900 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building? Multiple Choice 0 $217,500 to Land: $0 to Building O $220,400 to Land: $0 to Building. $213,600 to Land: $2,900 to Building. oo $196,700 to Land: $26.400 to Building