Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,750,000. The building was completely furnished. According to independent appraisals, the fair values were $1,600,000, $2,000,000, and $400,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: a. b. Building Land Fixtures $1,600,000 $2,000,000 $400,000 $1,100,000 $1,375,000 $275,000 $1,375,000 $1,100,000 $275,000 None of these answer choices are correct. C. d. Multiple Choice Option A Option B Option C Option D