Required information

Problem $10-45($LO $10-1)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Wanting to finalize a sale before year$-$end, on December $29,$ WR Outfitters sold to Bob a warehouse and the land for

$$200,000.$

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

Problem $10-45$ Part c $($Algo$)$

c$.$ Which of the following appraisals would Bob likely prefer?

The appraised value of the warehouse was $$77,250,$ and of the land was $$175,000.$

The appraised value of the warehouse was $$52,250$ and of the land was $$200,000.$