Please answer the whole question.

and how did you figure out the percentages.

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In January 2017, Mitzu Co. pays $2,650,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office; it is appraised at $701,500, with a useful life of 20 years and a $80,000 salvage value. A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $488,000 that are expected to last another 16 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,860,500. The company also incurs the following additional costs:

Cost to demolish Building 1	$	339,400
Cost of additional land grading		191,400
Cost to construct new building (Building 3), having a useful life of 25 years and a $400,000 salvage value		2,262,000
Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value		173,000

Required:

1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column.

2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2017.

3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2017 when these assets were in use.

Percent Total Allocation of purchase price Appraised Value AppraisedTotal cost of acquisition | = Apportioned Cost Value Land Building 2 Land Improvements 1 Totals $ 1,860,500 701,500 488,000 S 3,050,000 0% Land Building2 Building3 Improvements 1 Im Purchase Price Demolition Land grading New building (Construction cost) New improvements Totals Journal entry worksheet Record the cost of the plant assets, paid in cash. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal Journal entry worksheet 4 Record the year-end adjusting entry for the depreciation expense of Building 2. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal