Graf and Sheridan agree that: 1. Land is undervalued by $30,000. 2. Equipment is overvalued by $5,000. Sheridan agrees to sell the gallery to Graf for $350,000. Prepare the entry to record the purchase of Sheridan Galleries on Graf'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.)