Greer Manufacturing purchases property that includes land, buildings and equipment for $5.3 million. The company pays $176,000 in legal fees, $227,000 in commissions, and $116,000 in appraisal fees. The land is equipment at 37% of the property value. estimated at 24%, the buildings are at 39%, and the Required: a. Determine the total acquisition cost of this "basket purchase b. Allocate the total acquisition cost to the Individual assets acquired. c Prepare the journal entry to record the purchase assuming that the company paid 30% of the amounts using cash and s igned a note (due in five years) for the remainder