A company purchases property that includes land, buildings and equipment for $4.6 million. The company pays $171,000 in legal fees, $229,000 in commissions, and $102.000 in appraisal fees. The land is estimated at 22%, the buildings are at 45%, and the equipment at 33% 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.) Acquisition cost b. Allocate the total acquisition cost to the individual assets acquired. (Enter your answers in whole dollars and not in millions.) Land Buildings Equipment c. Prepare the journal entry to reoord he purchase assu ng that the oompany paid 40% ofthe amounts using cash and signed a note (due in five years transaotion'event, select "No Journal Entry Recquired in the first adcount field. Enter your ) for the renainder (IF no entry is Tequired For a View transaction list Journal entry worksheet 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.) c. Prepare the journal entry to record the purchase assuming that the company paid 40% of the amounts View transaction list Journal entry worksheet Record the purchase of land, buildings and equipment assuming that the company paid 40% 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 Mew genera jourmal