On January 1, 2024, Holly Company purchased Lavender Company and purchased goodwill as part of the acquisition. At the time, Lavender Company had assets with a market value of $660,000 and liabilities with a market value of $390,000. What is the journal entry for the purchase if Holly paid $200,000 in cash plus an $800,000 note payable? A. Assets Goodwill Cash Goodwill Liabilities 660,000 330,000 200,000 800,000 390,000 660,000 730,000 B. Assets Goodwill Liabilities Cash Notes Payable 390,000 200,000 800,000 O C. Liabilities Cash Assets Goodwill Notes Payable 390,000 200,000 660,000 450,000 800,000 660,000 390,000 D. Assets Liabilities Goodwill Cash Notes Payable 50,000 200,000 800,000