Required information [The following information applies to the questions displayed below.] On January 1, Mitzu Company pays a lump-sum amount of $2,650,000 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 $810,000, with a useful life of 20 years and a $90,000 salvage value. Land Improvements 1 is valued at $300,000 and is expected to last another 10 years with no salvage value. The land is valued at $1,890,000. 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 $400,000 salvage value Cost of new Land Improvements 2, having a 20 -year useful life and no salvage value $342,400193,4002,262,000168,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column