XYZ Associates, a law firm purchased an office building with the accompanying land for $1,100,000.

The latest tax assessment records value this property as follows:

Land at $424,925 and Building at $572,819

How will XYZ Associates allocate the cost of this property on the books of the law firm?

Round percents to two decimal places (for example: 12.34%), and final answer to the nearest dollar.

Land: $ __________

Building: $__________