Samtech Manufacturing purchased land and a building for $4 million. In addition to the purchase price, Samtech made the following expenditures in connection with the purchase of the land and building: Title insurance $16,000 Legal fees for drawing the contract 5,000 Property taxes 36,000 State transfer fees 4,000 An independent appraisal estimated the fair values of the land and building. If purchased separately, at $3.3 and $1.1 million, respectively Property taxes included $6,000 of delinquent taxes. Question Journal entries for the assets Samtech acquired in these transactions would include: a debit to Land for $3,018,750 a debit to Buildings for $0 a debit to Land for $4,031,000 a debit to Buildings for $1,007,750