On April 1, Mooney Corporation purchased for $1620000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property:Current Valuation:Land: 60000Warehouse: 40000Building: 800000Vendor's Original Cost:Land: 550000Warehouse: 370000Building: 680000How would you find the appropriate costs for the Land?a) Use Current Valuation only (60000)b) Use Vendor's Original Cost only (550000)c) 60000-55000 = 5000d) (60/180)*1620000 = 540000