1. Budget Banners pays $200,000 cash for a group purchase of land, building, and equipment. Al the timo of acquistion, the land has a market value of $22,000, the building $187,000, and the equipment $11,000. Jounalize the lump-sum purchase. First, refer to the information provided and calculate the ratio of each assefs market value to the total for all assets combined. Then, complete the table and calculat the assigned cost for each asset Percentage of Total Value Total Assigned Cost of Market Purchase Asset Value Price = Each Asset Land Equipment Total ow, journalize the lump-sum purchase (Record a single compound jounal entry Record debits first, then credits. Select the explanation on the last line of the jo ntry table.) Date Accounts and Explanation Debit Credit