Fred Moss, owner of Moss Interiors, is negotiating for the purchase of Crane Galleries. The balance sheet of Crane is given in an abbreviated form below.

CRANE GALLERIES BALANCE SHEET AS OF DECEMBER 31, 2017
Assets				Liabilities and Stockholders Equity
Cash		$112,000		Accounts payable				$50,300
Land		70,700		Notes payable (long-term)				299,800
Buildings (net)		200,700		Total liabilities				350,100
Equipment (net)		175,700		Common stock		$201,400
Copyrights (net)		30,700		Retained earnings		38,300		239,700
Total assets		$589,800		Total liabilities and stockholders equity				$589,800

Moss and Crane agree that:

1.		Land is undervalued by $41,900.
2.		Equipment is overvalued by $5,000.

Crane agrees to sell the gallery to Moss for $378,600. Prepare the entry to record the purchase of Crane Galleries on Mosss books.