in 2014 delcano properties paid 540000 for a tract of land on which two buildings were located the plan

Required
1. Prepare a schedule having the following column headings: Land, Building B, Building C, Land Improvements B, and Land Improvements C. Allocate the costs incurred by the company to the appropriate columns and total each column.
2. Prepare a single journal entry dated June 1 to record all the incurred costs, assuming they were paid in cash on that date.