Wishbone Landscapers bought land, a building, and equipment for a lump sum of $550,000. Following are the appraised fair market values of the newly acquired assets Land 597,500, Building $390,000 and Equipment $162,500. Calculate the cost of each asset to be reported on the balance sheet. *... Begin by calculating the cost of land. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) The cost of land to be reported on the balance sheet is Next, calculate the cost of the building. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) The cost of the building to be reported on the balance sheet is Finally, calculate the cost of the equipment (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) The cost of the equipment to be reported on the balance sheet is