In Motion T-Shirts pays $280,000 for a group purchase of land, building, and equipment. Al the time of acquisition, the land has a current market value of $31,000, the building's current market value is $62.000, and the equipment's current market value is $217.000. Prepare a schedule allocating the purchase price of $260.000 to each of the individual assets purchased based on their relative market value then journalire the lump-sum purchase of the three assets. The business signs a note payable for the purchase price Prepare a schedule allocating the purchase price of $280,000 to each of the individu asets purchased based on their relative market values, then jumature the lumpsum purchase of the three. The business signs a note payable for the purchase price Begin by preparing a schedule wlocating the purchase price of 5280.000. (Do not enter the sign within the rout falde at the Percentage of Tot Market column) Market (Sales) Percentage of Total Cost of Each Asset Value Market Value Asset Land Building Equipment 100 Total Now jumate the lump-tum purchase of the threat The Designs anot payable for the purchase price record debit first, the credits clude piantons from any more) Journal Entry Accounts Debit Credit Date in the input fields and then continue to the next