Saved Help Save & Exit Submit Check my work Carver Inc. purchased a building and the land on which the building is situated for a total cost of $952,600 cash. The land was appraised at $262,918 and the building at $832,572. Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required B Required C Required D Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Allocated Cost Land Building Total Required B Required c > Check my work Carver Inc. purchased a building and the land on which the building is situated for a total cost of $952,600 cash. The land was appraised at $262,918 and the building at $832,572. Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required B Required C Required D Would the company recognize a gain on the purchase? Would the company recognize a gain on the purchase? Required B Required D > Check my work I was oppidiseu di 202,910 dilu u Duluny di 3034,512. Required b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required B Required Required D Record the purchase in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating a or a financing activity (FA). IT an element is not affected by the event, leave the cell blank. Enter any decreases to account bi minus sign. Round intermediate calculations to 2 decimal places and final answers to the nearest whole number.) CARVER INC. Horizontal Statements Model Income Statement Balance Sheet Assets Land - Liabilities - Equity Revenue - Expense - Net Income Statement of Cash Flows Cash + Building Required C Regard