Advanced Automotive pays $300,000 for a group purchase of land, building, and equipment. At the tme of acquisition, the land has a current market value of $82,500, the building' curremt mar vaiue is $99,000, and the equipments current market value is $148,500. Prepare a schedule allocating the purchaso price of $300,000 to each of the individual assets purchased based on thei relative market values, then journalize the lump-eum purchase of the three assets. The business tigns a note payable for the purchase price Propare a schodute allocating the purchase price of $300,000 to each of the indidual assets purchased based on their relative market values, then joumaize the fump-aum purchase of the the assets. The business signs a note payable for the purchase price. Begin by preparng a schedule allocating the purchase price of $300,000. (De not enter the % sign within the input fieids of the Percentage of Total Market column.) Now joumaize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. (Record debits first; then credits Exclude explariations from any journal entries.)