Urgent please

Question 3 (10 points) On April 15, 2020, Classic Properties purchased land with two buildings on it: one building will be used for the business office; the other, a dilapidated (run-down) building, will be torn down. Other information pertaining to the purchase is as follows: Purchase price of the land and building, including legal fees $725,000 Appraisal value of land on April 15, 2020 516,925 Appraisal value of building on April 15, 2020 316,825 Costs to remove run-down building 5,800 Landscaping around the land perimeter and old building site 29,000 Paving for a driveway to the building 79,750 Light posts at entry of property 43,500 Special municipal assessment for water main infrastructure 7,250 The total costs were paid by issuing a Note Payable for $500,000, with all remaining costs paid by cash. REQUIRED: 1. Determine the total cost of each of the following items: a. Land b. Building c. Land Improvements 2. Prepare the journal entry to record the purchase made by Classic Properties, using the information provi above and your answer to