Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,050,000. The building was completely furnished. According to independent appraisals, the fair values were $2,080,000, $2,600,000, and $520,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: Building Land Fixtures a. $ 2,080,000 $ 2,600,000 $ 520,000 b. $ 1,220,000 $ 1,525,000 $ 305,000 c. $ 1,525,000 $ 1,220,000 $ 305,000 d. None of these answer choices are correct. Multiple Choice Option A Option B Option C Option D