000,000 Assets Cash $100,000 Linden Corporations is negotiating for the purchase of Hill Company. The following is an abbreviated balance sheet of Hill, yo 000,000, Hill Company Balance Sheet 000,0 As of December 31, 2025 Liabilities and Stockholders' Equity Accounts payable $150,000 Land 230,000 Notes payable (long-term) 250,000 Equipment, net 200,000 Common stock 140,000 would Trademark 40,000 Retained earnings 30,000 t sedmeg is jesse erit to inamicomin Total assets $570,000 Total liabilities and stockholders' equity $570,000 qxe Additional Information: 1. Land is undervalued by $20,000. 2. Equipment is overvalued by $3,000. Hill agrees to sell the business to Linden for $370,000. Instructions Prepare the entry to record the purchase of Hill Company on Linden's books.