Timberly construction negotiates a lump-sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. the estimated market values of the assets are building, $508,800; land, $297,600; land improvements, $28,800; and four vehicles, $124,800. the company’s fiscal year ends on december 31prepare a table to allocate the lump-sum purchase price to the separate assets purchased.