13 Harding Corporation acquired real estate that contained tand, building and equipment. The property cost Harding $1235,000. Harding paid $280,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $296,000, Building, $880,000 and Equipment. $584,000. What journal entry would be used to record the purchase of the above assets? (Do not found intermediate calculations.) Multiple Choice Account Title Credit Land Building Equipment Cash Debit 290,000 880,000 620,000 1,790,000 Credit Account Title Land Building Equipment Cash Notes payable Debit 290,000 380,000 620,000 280.000 1,510,000 Credit Account Title Land Building Equipment Cash Notes payable Debit 290,000 880,000 620,000 280,000 1,510,000 Credit Account Title Land Building Equipment Cash Notes payable Debit 207, 705 617,500 409,795 280,000 955,000 Credit Account Title Land Building Equipment Cash Notes payable Gain on purchase of long-term assets Debit 290,000 880,000 620,000 280,000 955,000 555,000