Oakwood Properties bought three lots in a subdivision for a lump$-$sum price. An independent appraiser valued the lots as follows:

$($Click the icon to view the values.$)$

Oakwood paid $$210,000$ in cash. Record the purchase in the joumal, identifying each lot's cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout. $($Record a single compound joumal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[,$Land$-$Lot $1,,,],[,$Land$-$Lot $2,,,],[,$Land$-$Lot $3,,,],[,$Cash,,,$],[,$To record purchase of the lots with cash.,grad,,$]]$

Data table

$\backslash$table$[[$Lot$,$Appraised Value$],[$Lot $1,$$$,178,500],[$Lot $2,,280,500],[$Lot $3,,51,000]]$

Time Remaining: $01$:$34$:$57$