Question 2 of 7 View Policies Current Attempt in Progress ./18 Pharoah Company purchased real estate for $1,200,000, which inchaded $3.500 in legal fees. It paid $260.000 cash and incurred a mortgage payable for the balance. The real estate included land that win appraised at $471.800. a building appraised at $754880 and fences and other land improvements appraised at $121.320 The building has an estimated useful life of 60 years and a $54.000 residual value. Land improvements have an estimated 15-year useful ife and no residual value Calculate the cost that should be allocated to each at purchased found percentage of total to 2 decimal places, eg 52.65% and final answers to O decimal places, eg 5.275) Land Building Land Improvements S eTextbook and Media List of Accounts 0127 Ppe here search PC Cloudy &ING D