Advanced Automotive pays $340,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $111,000, the building's current market value is $240,500, and the equipment's current market value is $18,500. Prepare a schedule allocating the purchase price of $340,000 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. Prepare a schedule allocating the purchase price of $340,000 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. of the Percentage of Total Market column.) Begin by preparing a schedule allocating the purchase price of $340,000. (Do not enter the % sign within the input Market (Sales) Percentage of Total Cost of Each Asset Value Market Value Asset Land % Building % Equipment % Total 100 %