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, 2019, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building. $508,800; land, $297,600; land improvements, $28,800; and four vehicles, $124,800. The company's fiscal year ends on December 31. B Question 1 40 pts Complete the following table to allocate the lump-sum purchase price to the separate assets purchased (round percents to the nearest 1%). Lump Sum Payment = $ Appraised Value % Value Cost (apportioned) Building $508,800 53% Land 31% $279.000 Land Improvements Four Vehicles Sum 100%