Exercise $10-8($Algo$)$ Lump$-$sum acquisition $[$LO$10-2]$

Pinewood Company purchased two buildings on four acres of land. The lump$-$sum purchase price was $$1,800,000.$ According to independent appraisals, the fair values were $$855,000($building A$)$ and $$475,000($building B$)$ for the buildings and $$570,000$ for the land.

Required:

Determine the initial valuation of the buildings and the land.