Sandhill Farms purchased real estate for $1,150,000, which included $6,300 in legal fees. It paid $265,000 cash and incurred a mortgage payable for the balance The real estate included land that was appraised at $480,960, a building appraised at $734,800, and fences and other land improvements appraised at $120,240. The building has an estimated useful life of 60 years and a $46,000 residualvalue Land improvements have an estimated 15 -year uscfullife and no residual value. Calculate the cost that should be allocated to each asset purchased. Land Building Land Improvements