Foley Distribution Service pays $260,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $72,500, the building's current market value is $58,000, and the equipment's current market value is $159,500. Prepare a schedule allocating the purchase price of $260,000 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 $260,000 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 $260,000. (Do not enter the % sign within the input fields of the Percentage of Total Market column.) Asset Market (Sales) Percentage of Total Cost of Each Asset Value Market Value Land 72500 % Building 58000 % 159500 Equipment % 290000 100 Total %