13 Problem: Module 2 Textbook Problem 13 Learning Objective: 2-8 Identify and determine the cost of long-term operational assets Pitney Co. purchased an office building, land, and furniture for $640,000 cash. The appraised value of the assets was as follows: Land Building Furniture Total 3.71,680 286,720 358,400 $716,000 Hint Print Required o. Compute the amount to be recorded on the books for each asset b. Record the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations, Round your final answers to nearest whole dollar) Allocated Coat Land Building Furniture Total PITHEY GO Horizontal Statements Model Income Statement Balance Sheet Assets Land - Muilding - Furniture Cash Liabilities Equity Sent of Cash Flow Revenue Mat Income Expense (Required A