Zeidler Company bought a building and the land on which the building is located for a total cash price of $184,500. The company paid transfer costs of $3,300 Renovation costs on the building were $26,840. An independent appraiser provided market values for the land $240,000, and building. $560.000 before renovation Required: 1. Apportion the cost of the property on the basis of the appraised values. (Input all amounts as positive values.) Item Apportioned Cost Renovation cost Purchase cost Building Land 2. Prepare the journal entry to record the purchase of the building and land, including all expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record purchase of building and land. Not Enter debts before credits General Journal Transaction 1 Debit Credit Record entry Clear entry View general Journal 3. Compute depreciation of the building at the end of one year, using the straight-line method. Assume an estimated useful life of 11 years and an estimated residual value of $15,300 Depreciation 4 What would be the carrying amount of the property (building and land) at the end of year 22 Carrying amount