Pittsfield Sound Center pays $300,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $190,000, the building's current market value is 599,000 and the equipment's current market value is $33,000. Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative market values, then joumalize the lump sum purchase of the three assets. The business signs a note payable for the purchase price u s, en joumalize the lump sum purchase of the three assets. The business Prepare a schedule allocating the purchase price of $300,000 to each of the individual assets purchased based on their relative mat signs a note payable for the purchase price Begin by preparing a schedule allocating the purchase price of $300,000 Market (Bales Percentage of Total Marit Value Costo Asset Land Equipment