Fairfield Corporation purchased land and a store for $530,000 on December 31, 2015. The store had a fair value of $110,000 on that date, but the fair value of the land was not determinable. The journal entry to record the above transaction would include a:

debit to store for $110,000.

debit to land for $110,000.

credit to store for $420,000.

credit to land for $110,000.

debit to cash for $110,000.