George Moss, owner of Moss Interiors, is negotiating for the purchase of Oriole Galleries. The following balance sheet of Oriole is given in an abbreviated form as follows.

Oriole Gallaries

Balance Sheet

As of December $31,2025$

Assets

Liabilities and Stockholders$$ Equity

Cash

$$115,000$

Accounts payable

$$49,800$

Land

$71,000$

Notes payable $($long$-$term$)$

$307,500$

Buildings $($net$)$

$201,500$

Total liabilities

$357,300$

Equipment $($net$)$

$176,000$

Common stock

$$212,400$

Copyrights $($net$)$

$31,000$

Retained earnings

$24,800$

$237,200$

Total assets

$$594,500$

Total liabilities and stockholders$$ equity

$$594,500$

Moss and Oriole agree that:

$1.$ Land is undervalued by $$28,000.$

$2.$ Equipment is overvalued by $$4,000.$

Oriole agrees to sell the gallery to Moss for $$381,000.$

Prepare the entry to record the purchase of Oriole 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. List all debit entries before credit entries.$)$