On July 1, 2020, Bramble Corporation purchased the net assets of Soorya Company by paying $444,000 cash and issuing a $48,200 note payable to Soorya Company. At July 1, 2020, the statement of financial position of Soorya Company was as follows: Cash $74,700 Accounts payable $316.500 Accounts receivable 108,000 Soorya, capital 233,000 Inventory 97,600 Total $549,500 Land 49.300 Buildings (net) 74,700 Equipment (net) 97.200 Trademarks (net) 48,000 Total $549,500 The recorded amounts all approximate current values except for land (worth $60,600), inventory (worth $127,800), and trademarks (worthless). The receivables are shown net of an allowance for doubtful accounts of $11,000. The amounts for buildings, equipment. and trademarks are shown net of accumulated amortization of $23,000, $31,000, and $48,000, respectively. (a) Prepare the July 1, 2020 entry for Bramble Corporation to record the purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation July 1, 2020 Debit Credit (a) Prepare the July 1, 2020 entry for Bramble Corporation to record the purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1, 2020 Debit Credit