Red Rock Bakery purchases land, building, and equipment for a single purchase price of $280,000. However, the estimated fair values of the land, building, and equipment are $114,000, $209,000, and $57,000, respectively, for a total estimated for value of $380,000. Required: Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment Estimated Fale Value Amount of Basket Purchase Recorded Amount Land Building Equipment Total Allocation Percentage % % %