Homework: Chapter 7 Homework Score: 0 of 10 pts 1 of 8 complete HW Score: 70.99%79.99 of 100 pts S7-2 (similar to) On Hop Lexington Garden Supply pay $340,000 for a group purchase of and building, and equipment. At the time of acquiston, he has soment market value of $118.400, the building curent market value is $222,000, and the one current market value is $28.000. Prepare a schedule allocating the purchase price of $340,000 to each of the individual assets purchased based on their relative market value then journalize the lumpsum purchase of the Treets. The business signs a note payable for the purchase price Prepare a schedule allocating the purchase price of 5340,000 to each of the individu mets purchased based on their relative market values, then jumate the sun purchase of the three sts. The business sigra a note payable to a purchase price Begin by preparing a schedule locating the purchase price of $40,000 Percentage Sales of Total Cost of Asset Value Each Land 5 118.400 Building Equipment $ 2000 Total Enter any number in the edited and then click Check Answer Check Ang CA part remaining MacBook Air 30 888 % 5 $ 4 & 7 9 8 6 2 3