Guac Company paid $368,000 for a purchase that included land, a building, and equipment. An appraiser estimated the market value of the land to be $89,000, the building to be $318,000, and the equipment to be $29,000. Based on this information recording the basket purchase in the accounting records would cause: Multiple Choice total assets to increase and total equity to decrease. total assets and total equity to decrease. total assets and total equity to increase. no effect on total assets or total equity