Highland Clothing purchased land, paying $122,000 cash and signing a $230,000 note payable. In addition, Highland paid delinquent property tax of $1,800, title insurance costing $600, and $5,400 to level the land and remove an unwanted building. Record the journal entry for purchase of the land Record the journal entry for purchase of the land. (Record a single compound journal entry. Record debits first, then credits Select the explanation on the last line of the journal entry table)