Lexington Garden Supply pays $300,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $66,000, the building's current market value is $247,500, and the equipment's current market value is $16,500. Prepare a schedule allocating the pu signs a note payable for the purchase price. Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative market values, then journalize the of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Begin by preparing a schedule allocating the purchase price of $300,000. Market (Sales)Percentage of Total Cost of Asset Land Building Equipment hoose from any list or enter any number in the input fields and then continue to the next question Value Market Value Each Asset Lexington Garden Supply pays $300,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $66,000, the building's current market value is $247,500, and the equipment's current market value is $16,500. Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Now jounalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. (Record debits first, then credits. Exclude explanations from any jounal entries.) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next