10-4 Dave's Dance Company Accounts Receivable Inventory Fixed Assets Accum Deprec On Burden Co.'s books. $155,000 280,000 Accounts Payable 22,000 Note Payable 140,000 $300,000 Common Stock 100,000 (150,000) 150,000 Retained Earnings 100,000 Shea's Shoe Co. will buy Dave's Dance Company for $550,000. They estimate that the Accounts Receivable are worth about $170,000, the Inventory is worth $200,000 and the Fixed Assets are worth $220,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Shea's Shoe Co. books