Fred Moss, owner of Moss Interiors, is negotiating for the purchase of Cullumber Galleries. The balance sheet of Cullumber is given in an abbreviated form below CULLUMBER GALLERIES BALANCE SHEET AS OF DECEMBER 31, 2017 Assets $124,000 71,900 201,900 Liabilities and Stockholders' Equity Accounts payable Notes payable (long-term) $50,900 301,900 352,800 Cash Land Buildings (net) Equipment (nt) 176,900Common stock Copyrights (net) Total assets Total liabilities $232,900 31,900 Retained earnings 20,900 253,800 $606,600 Total liabilities and stockholders' equity $606,600 Moss and Cullumber agree that: 1. Land is undervalued by $36,100 2. Equipment is overvalued by $5,000 Cullumber agrees to sell the gallery to Moss for $381,900 Prepare the entry to record the purchase of Cullumber Galleries on Moss's books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)