2. The Harris Corporation acquired a building and land by issuing 25,000 shares of $1 par common stock. At that time, the stock was selling for $12 per share on the New York Stock Exchange. The independently appraised values of the building and the land were $250,000 and $150,000 respectively.

Prepare the journal entry for the acquisition of the building and land.

(Use 3 decimal points for allocation calculations)