Exercise 10-4 Lump-sum purchase LO^1 On January 1, 2014. Bona Vista Co, purchased land, a building, equipment, and toots for a total price of $4,320,000, paying cash of $1,104,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,152,000 lar the land; $1,344,000 for the building $998,400 for the equipment; and $345,600 for the tools. Prepare the entry to record the purchase