5. On August 9, Warner company purchased a Building and a plot of Land for a lump sum of $ 1,000,000. The Building was valued at $ 800,000, while the Land carried a value of 4200,000. Warner paid $ 200,000 down in cash and signed a note payable for the balance. 5. On August 9, Warner company purchased a Building and a plot of Land for a lump sum of $ 1,000,000. The Building was valued at $ 800,000, while the Land carried a value of 4200,000. Warner paid $ 200,000 down in cash and signed a note payable for the balance