Question 14 Martinez Co. purchased for $2,816,000 property that included both land and a building to be used in operations. The seller's book value was $384,000 for the land and $1,152,000 for the building. By appraisal, the fair value was estimated to be $640,000 for the land and $2,560,000 for the building. At what amount should Martinez report the land and the building at the end of the year? (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places e.g. 58,971.) Cost allocated to land & Cost allocated to building Click if you would like to Show Work for this question: Open Show Work