Fred Moss, owner of Bramble Interiors Inc., is negotiating for the purchase of Sheffield Galleries Ltd. The condensed statement of financial position of Sheffield follows in an abbreviated form: Bramble and Sheffield agree that the land is undervalued by $40,600 and the business equipment is overvalued by $11,900. Sheffield agrees to sell the business to Bramble for $383,400. Prepare the entry to record the purchase of the business's net assets on Bramble's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Dec. 31,2023