Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the building.

Multiple Choice

• $97,500.

• $105,000.

• $89,178.

• $140,000.

• $93,000.