Deadwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows:

Lot Appraised Value

1 ..........$ 70,500

2 ..........235,000

3 ..........164,500

Deadwood paid $ 210,000 in cash. Record the purchase in the journal, identifying each lot’s cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout.