value 10.00 points Xavier Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2015, at a total cash price of $787,500 for a building. land, land improvements, and four vehicles. The estimated market values of the assets are building $408,000: land, $289,000; land improvements, $42.500, and four financial year ends on December 31 vehicles, $110.500. The company's Required: 1a. Prepare a table to allocate the lump-sum purchase price to the separate assets purchased. (Round your percentage answers to the nearest whole number. Omit the "S" and-%"signs in your response.) Appraised Value Percent of Total Apportioned Cost (Click to select) (Click to select) (Click to select) (Click to select) Totals 1b. Prepare the journal entry to record the purchase. (Ornit the "S" sign in your response.) General Journal De Jan 1, 2015 (Click to select) Click to select) Click to select) Click to select) (Click to select) 2. Compute the depreciation expense for year 2015 on the building using the straight-line method assuming a 15-year life and a $25,650 residual value. (Omit the "S" sign in your response.) Depreciation expense on building 3. Compute the depreciation expense for year 2015 on the land improvements assuming a five-year life and double-declining-balance depreciation (Omit the "$" sign in your response.) expense on land improvements