A company purchases property that includes land, buildings and equipment for $4.9 million. The company pays $182,000 in legal fees. $218.000 in commissions, and $116.000 in appraisal fees. The land is estimated at 24%, the buildings are at 41%, and the equipment at 35% of the property value. Required: a. Determine the total acquisition cost of this "basket purchase." (Enter your answer in whole dollars and not in millions.) b. Allocate the total acquisition cost to the individual assets acquired. (Enter your answers in whole dollars and not in millions.) Land Buildings Equipment o Prepare the journal entry to record the purchase assuming that the company paid 35% of the amounts using cash and signed a note (due in five years) for the remainder. If no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field. Enter your answers in whole dollars and not in millions.) View transaction list Journal entry worksheet C. Prepare the journal entry to record the purchase assuming that the company paid 35% of the amounts using cash and signed a note (due in five years) for the remainder. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollars and not in millions.) View transaction list Journal entry worksheet Record the purchase of land, buildings and equipment assuming that the company paid 35% of the amounts using cash and signed a note for the remainder (due in five years). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal