Bridgeport Automotive is looking to expand its operations and has approached Marx Garage to acquire its business. Marx has agreed to sell if Bridgeport assumes the mortgage on Marx's building as part of the sale. The fair value of Marx's identifiable assets and identifiable liabilities are: Assuming Bridgeport purchases the business for $1,326,700 : Record the journal entry for the purchase by Bridgeport Automotive. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)