In Motion T - Shirts paid $170,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $90,000, the buliding $72,000, and the equipment $18,000. Joumalize the lump-sum purchaso of the three assets for a fotal cost of $170,000, the amount for which the business signed a nole payable. (Record a single compound journal entry Record debits first, then credits Select the explanation on the last line of the journat entry table.)