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, 2016, at a total cash price of $850,000 for a building, land, land improvements, and four vehicles. the estimated market values of the assets are building, $498,200; land, $300,800; land improvements, $37,600; and four vehicles, $103,400. the company’s fiscal year ends on december 31. required: 1.1 prepare a table to allocate the lump-sum purchase price to the separate assets purchased