Exercise 6-6 Allocating costs for a basket purchase LO 6-1 Pitney Co. purchased an office building. land, and furniture for $719,800 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 88,679 257,976 459.528 $806,176 Required a. 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 RequiredA Required B Record the purchase in a horizontal statements model. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA for not affected. Enter any decreases to account balances with a minus sign.) PITNEY Co Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flow Assets Liabilities + Equity Revenue - Expense Net Income Required A Required B Exercise 6-6 Allocating costs for a basket purchase LO 6-1 Pitney Co. purchased an office building, land, and furniture for $719,800 cash. The appraised value of the assets was as follows Land Building Furniture Total $ 88,679 257,976 459,520 $806,176 Required a. 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 Cost Land Building Furniture Total