On July 1, 2025, Indigo Corporation purchased Johnson Company by paying $187,500 cash and issuing a $63.700 note payable to Steve Johnson. At July 1,2025, the balance sheet of Johnson Company was as follows: The recorded amounts all approximate current fair values except for land (worth $44,200 ), inventory (worth $93,200), and copyrights (wacthsi1 ifom The recorded amounts all approximate current fair values except for land (worth $44.200 ). inventory (worth $93.200 ), and copyrights ( worth $11,100) (a) Prepare the July 1 entry for Indigo Corporation to record the purchase. (Credit account titles are outomotically indented when amount is entered. Do not indent manually. If no entry is reawhed, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)