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In Motion T - Shirts pays $310,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $136,000, the building's current market value is $34,000, and the equipment's current market value is $170,000. Prepare a schedule allocating the purchase price of $310,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Prepare a schedule allocating the purchase price of $310,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Begin by preparing a schedule allocating the purchase price of $310,000. (Do not enter the \% sign within the input fields of the Percentage of Total Market column.) Delight Company purchased a new car for use in its business on January 1,2017 . It paid $23,000 for the car. Delight expects the car to have a useful life of four years with an estimated residual value of zero. Delight expects to drive the car 90,000 miles during 2017,25,000 miles during 2018,30,000 miles in 2019 , and 39,000 miles in 2020 , for total expected miles of 184,000. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.)