Patsfield Sound Genter pays $320,000 for a group purchase of land, building, and equipment At the fime of acquisition, the land has a current market value of $112000. the bulding s curtent market value is 535.000 , and the equipment's cunent market value is $203.000. Prepare a schiedule allocating the purchase price of $320. 000 to each of the individual assels purchssed based on theit relative maket values, then joumalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price Prepare a schedule allocating the purchase price of 5320.000 to each of the individuel assets purchased bosed on ther rolative market values, then fournalie the lung-6um purchase of the thee assets. The business sigat a note payable for the purchase price