Tonto Company purchased property for $110,000. The property included a building, equipment and land. The building was appraised at $66,000, the land at $47,000, and the equipment at $20,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.) Multiple Choice $54,560 $0 $110,000 O O $66,000