Hawkeye Corporation Has Acquired a Property That Included Both Land

Hawkeye Corporation has acquired a property that included both land and a building for $560,000.The corporation hired an appraiser who has determined that the market value of the land is $370,000 and that of the building is $400,000.At what amount should the corporation record the cost of land? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

A) $408,800
B) $177,600
C) $280,000
D) $268,800