Pitney Company purchased an office building, land, and furniture for $777,900 cash. The appraised value of the assets was as follows Land $ 148,112 Building Furniture Total 261,374 461,761 $871,248 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Allocated Cost Land Building Activate Windows 731 PM tecord the purchase in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, o indicate that an element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign. Do not rour earest whole dollar.) PITNEY COMPANY Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities Stockholders' Equity Statem Expenses Net Income Cash Required C > search Land 0 Building II Furniture Activate Windows Go to Settings to activate Windows 7:32 PM 4/27/2022 Journal entry worksheet