[The following information applies to the questions displayed below.] On January 1, Mitzu Company pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $840,000, with a useful life of 20 years and a $85,000 salvage value. Land Improvements 1 is valued at $390,000 and is expected to last another 13 years with no salvage value. The land is valued at $1,770,000. The company also incurs the following additional costs. Cost to demolish Building 1 cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $400,000 salvage value cost of new Land Improvements 2, having a 20-year useful life and no salvage value $343,400191,4002,302,000173,000 Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column