Tumblr construction negotiates a lump sum purchase several assets from a company that is going out of business the purchases completed on January $1,2021$ at a total cash price of $900,000$ for a building land land improvements and four vehicles estimate market values of the assets are building $508,800$ land $297600$ land improvements and $28,800$ for four vehicles $124,800$ the companies fiscal year ends on December $3$First