SportsWorld paid $140,000 for a property. The property included land appraised at $67,500, land improvements appraised at $25,000, and a building appraised at $55,500. What should be the allocation of costs in the accounting records (round calculations to 3 decimals)?

1. -Land $62,000; land improvements, $23,800; building, $46,200.
2. -Land $79,500; land improvements, $32,600; building, $47,700.
3. -Land $87,500; land improvements; $35,000; building; $52,500.
4. -Land $62,000; land improvements, $23,000; building, $45,000.
5. -Land $63,840; land improvements, $23,660; building, $52,500.