Humbolt Hardware Company recently negotiated a lump-sum purchase of several assets from another business. They completed the purchase on August 31, 2021, at a total cash price of $641,129 which included land, parking lot, truck, and building. The estimated fair market values of the assets were land $341,378, parking lot $16,182, truck $22,232, and building $274,421. The Company has a December 31 year-end. Prepare a schedule to allocate the lump-sum purchase to separate assets. Also, prepare the general journal entry to record the transaction. (7 marks)