M Linden Corporations is negotiating for the purchase of Hill Company. The following is an abbreviated balance sheet of Hill, yowthemqlope rot nollen expected usefuHill Company 000,00 Balance Sheet 000,0 As of December 31, 2025 SA deprecia000 ense Assets Cash $100,000 Liabilities and Stockholders' Equity Accounts payable $150,000 Land Equipment, net 230,000 200,000 Notes payable (long-term) 250,000 A Common stock 140,000 nod would result in Trademark 40,000 Retained earnings 30,000 r nedege is less edit to inamicam Total assets $570,000 Total liabilities and stockholders' equity $570,000 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.