Cycle Company Ltd$.$ made a lump$-$sum purchase of land, building, and equipment for $$630,000.$ The appraised market values for the items are $$210,000,$ $$322,000,$ and $$168,000,$ respectively. Cycle paid one$-$quarter of the purchase price and signed a note for the remainder. Prepare the journal entry to record the above transaction. SHOW YOUR WORK.