y purchasing a car lubrica- riginal asking price was front-end lodel Should IT 3. Allocation of Package Purchase Price Joe Comey went into business by purchasing tion station, consisting of land, a building, and equipment. The seller's original asking $240,000. Comev hired an appraiser for $3,000 to appraise the assets. The appraised valuation land, $43.000; building. $95.000; and equipment, $62,000. After receiving the appraisal. Come fered $183.000 for the business. The seller refused this offer. Comey then offered $190,000 for the business, which the seller accepted. Using the appraisal values as a guide, allocate the total purchase price of the car lubrication station to the Land, Building, and Equipment accounts