Linden Corporations is negotiating for the purchase of Hill Company. The following is an abbreviated balance sheet of Hill. Assets Hill Company Balance Sheet As of December 31, 2025 Liabilities and Stockholders' Equity $150,000 Accounts payable Cash $100,000 Land 230,000 Notes payable (long-term) 250,000 Equipment, net 200,000 Common stock 140,000 Trademark 40,000 Retained earnings 30,000 $570.000 Total liabilities and stockholders' equity $570,000 Total assets Additional Information: 1. Land is undervalued by $20,000. 2. Equipment is overvalued by $3,000. Hill agrees to sell the business to Linden for $370,000. Instructions Prepare the entry to record the purchase of Hill Company on Linden's books.