Concord Pet Care Clinic pays $310,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $34,000, the building's current market value is $238,000, and the equipment's current market value is $68,000. Prepare a schedule allocating the purchase price of $310,000 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 $310,000 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 $310,000. (Do not enter the % sign within the input fields of the Percentage of Total Market column.) Cost of Each Market (Sales) Percentage of Total Asset Land Value Market Value 34000 % Building 238000 % 68000 Equipment % 340000 100 Total % Asset