Camas Sound Center pays $$300,000$ for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current marketvalue of $$66,000,$ the building's current market value is $$33,000,$ and the equipment's current market value is $$231,000.$ Prepare a schedule allocating the purchase price of $$300,000$ 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 $$300,000$ 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 $$300,000.($Do not enter the $\%$ sign within the input fields of the Percentage of Total Market column.$)$

$\backslash$table$[[$Asset$,\backslash$table$[[$Market $($Sales$)],[$Value$]],\backslash$table$[[$Percentage of Total$],[$Market Value$]],\backslash$table$[[$Cost of Each$],[$Asset$]]],[$Land$,,\%,],[$Building$,,\%,],[$Equipment$,,,\%$