A corporation purchased land, a building, and equipment for a total cost of $450,000. Fair market values based on an appraisal were determined to be $120,000 for the land, $280,000 for the building,

and $80,000 for the equipment. The journal entry to record this purchase would include which of the following: (Answer may be rounded)

A		a debit to land for $120,000
B		a debit to building for $261,000
C		a credit to cash for $480,000
D		a debit to equipment for $85,333
E		none of the above