On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,320,000, paying cash of $1,104,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,152,000 for the land $1,344,000 for the building: $998,400 for the equipment, and $345,600 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) No 1 Date January 01, 2020 Land Building Equipment Tools Cash Notes payable Answer is not complete. General Journal Debit Credit 1,152,000 1,344,000 998,400 3,456,000 1,104,000