7 Greer Manufacturing purchases property that includes tand, buildings and equipment for $5.200,000 in addition, the company pays $182,000 in legal fees, $212.000 in commissions, and $118,000 in appraisal fees. The land is estimated 22% the buildings are at 39%, and the equipment at 39% of the property value Required: a. Determine the total acquisition cost of this "basket purchase b. Allocate the total acquisition cost to the individual assets acquired c. Prepare the journal entry to record the purchase assuming that the company paid 50% of the amounts using cash and signed a note (due in five years) for the remainder, Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the total acquisition cost of this "basket purchase". Acquisition cost Required A Required B >