Lump$-$Sum Purchase

Allied Construction purchased a total of five printer$-$and$-$desk sets from Office Supplies for a combined purchase price of $$1,200$ for each set. Office Supplies sells the items on an individual basis as follows: printer. $$600$; desk, $$700.$

Required

Allocate the single lump$-$sum purchase price using the proportional method. Prepare the journal entry for the purchase transaction.

Note: Do not round until your final answer; round your final answer to the nearest whole dollar.

$\backslash$table$[[$Account$,,$r$.,$Cr$.],[$Equipment$-$Printer,$v,600,0],[$Equipment$-$Desk,$v,700,0],[$Cost of Goods Sold,$v,0,6,000],[$To record purchase.,,,A$]]$