E10-15 Northwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: Lot Appraised Value $50,000 60,000 70,000 Northwood paid $150,000 in cash. Record the purchase in the jour nal, identifying each lot's cost in a separate Land account. Round deci- mals to three places, and use your computed percentages throughout