Required information [The following information applies to the questions displayed below] On January 1, Mitzu Company pays a lump-sum amount of $2,750,000 for land, Bullding 1, Building 2, and Land Improvements 1 Building 1 has no value and will be demolished. Bullding 2 will be an office and is appraised at $767,000, with a useful life of 20 years and a $80,000 salvage value. Land Improvements 1 is valued at $354,000 and is expected to last another 12 years with no salvage value. The land is valued at $1,829,000. The company also incurs the following additional costs. Cost to denolish Bullding 1 cost of additionel land grading cost to construct Building 3, having a useful life of 25 years and a $40e, 0ee salvage value cost of new tand Improvenents 2, having a 2e-year useful life and no salvage value Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Journal entry worksheet Record the cost of the plant assets, paid in cash. Note: Enter debits before credits