Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2015, at a total cash price of $840,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building, $437,000; land, $256,500; land improvements, $28,500; and four vehicles, $228,000. The company's fiscal year ends on December 31 Required: 1.1 Prepare a table to allocate the lump-sum purchase price to the separate assets purchased Percent of Total Total cost of Apportioned Allocation of total Appraised Appraised Value Acquisition Cost Cost Value Building Land X Land improvements Vehicles Total