Required information [The following information applies to the questions displayed below.] On January 1, Mitzu Company 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 $810,000, with a useful life of 20 years and a $90,000 salvage value. Land Improvements 1 is valued at $420,000 and is expected to last another 14 years with no salvage value. The land is valued at $1,770,000. The company also incurs the following additional costs. CosttodemolishBuilding1CostofadditionallandgradingCosttoconstructBuilding3,havingausefullifeof25yearsanda$400,000salvagevalueCostofnewLandImprovements2,havinga20-yearusefullifeandnosalvagevalue$346,400195,4002,262,000173,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column