A company purchases property that includes land, buildings and equipment for $5.4 million. The company pays $186, 000 in legal fees, $221, 000 in commissions, and $117, 000 in appraisal fees. The land is estimated at 23%, the buildings are at 36%, and the equipment at 41% of the property value. Prepare the journal entry that is required to record the purchase assuming that the company paid 35% of the amounts using cash and signed a note for the remainder