Explain with steps, why this is the answer. Provide an explanation as to where the values used in calculations came from, and why they were used.

Worthington, Inc., paid $90,000 to acquire land, land improvements, and a building. The company obtained two appraisals: The land was appraised at $30,000, the land improvements were appraised at $10,000, and the building was appraised at $60,000. The allocation of the cost of the purchase result in cost figures of $30,000 for the land, $10,000 for the land improvements, and $50,000 for the building. $20,000 for the land, $10,000 for the land improvements, and $50,000 for the building. $27,000 for the land, $9,000 for the land improvements, and $54,000 for the building. $30,000 for the land and $60,000 for the building with no allocation of costs to the land improvements