Cobb Corn Company purchases a large lot on which a building is located. The negotiated purchase price is $2,500,000 for the lot and the building. The company pays $71,500 in commissions and taxes. The appraisal values of each items is as follows: Land $650,000, Building $1,750,000, Land Improvements $120,000. What is the appropriate amount to be entered into the general journal for the building?