Required information The following information applies to the questions displayed below.) On January 1, Mitzu Co. pays a lump-sum amount of $2,600,000 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 $644,000, with a useful life of 20 years and a $60,000 salvage value. Land Improvements 1 is valued at $420,000 and is expected to last another 12 years with no salvage value. The land is valued at $1.736,000. The company also incurs the following additional costs. 5328,400 175,400 Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $392,000 salvage value Cost of new Land improvements 2 having a 20-year useful life and no salvage value 2.202.000 164,000 Required 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each columns Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Allocation of Purchase Price Appraised Value Percent of Total Appraised Value X Total Cost of Acquisition Apportioned Cost X Land Building 2 Land improvements 1 Totals X Land Building 2 Building 3 Land Land Improvements 1 Improvements 2 Purchase Price Demolition Landgrado bullong Construction cost sont