On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $5,070,000, paying cash of $1,254,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,197,000 for the land; $1,316,700 for the building; $957,600 for the equipment; and $518,700 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the lump-sum purchase. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2020 Record entry Clear entry View general Journal