Advanced Automotive pays $280,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $99,200, the building's current market value is $155,000, and the equipment's current market value is $55,800 Prepare a schedule allocating the purchase price of $280,000 to each of the individual assets purchased based on their relative market values, then joumalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Prepare a schedule allocating the purchase price of $280,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price Begin by preparing a schedule allocating the purchase price of $280,000 (Do not enter the % sign within the input fields of the Percentage of Total Market column.) Asset Market (Sales) Percentage of Total Cost of Each Value Asset Land Building Equipment Total Market Value % % % 100