Please check part one and help me out with part 2. Thank you!

Initial Asset Fair Value Percent of Total Fair Value Valuation Land 5,500,000 74% $ 4,459,460.00 6,000,000*5,500,000/7,400,000= Building 1,900,000 26% $ 1,540,540.00 6,000,000*1,900,000/7,400,00= 0% $ 0% 7,400,000 0% $ 6,000,000.00 Assets: $0 $0 $0 Land improvements: OOOOCost of land and building: Item Cost Land and Building 5 5,000,000 Attorney's fees for the contract 5 10,000 Commissions 5 55,000 Title insurance 5 8,500 Pro-rated property taxes 5 75,000 Total cost $6,148,500 Option #1: Acquisition Costs: Land and Building You are the project manager at Janson Manufacturing. Feedback from the annual employee's survey revealed that employees were interested in having a fitness center. Thus, last week, you closed the deal and purchased land and a building for $6 million. Other expenses incurred in connection to this purchase included: Attorney fees for the contract $10,000 Commissions 55,000 Title insurance 8,500 Pro-rated Property taxes 75,000 An independent appraisal was requested to determine the individual fair value estimates. The land appraised at $5.5 million and the building at $1.9 million. Spending on the property started right away. Janson installed fences and completed the driveway at a cost of $45,000 and $75,000, respectively