Pittsfield Sound Center pays $340,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $37,000, the building's current market value is $296,000, and the equipment's current market value is $37,000. Prepare a schedule allocating the purchase price of $340,000 to each of the individual assets purchased based on their relative market values, then journalize 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 $340,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. The business signs a note payable for the purchase price. Begin by preparing a schedule allocating the purchase price of $340,000. (Do not enter the % sign within the input fields of the Percentage of Total Market column.) Asset Land Building Equipment Market (Sales) Percentage of Total Cost of Each Value Market Value Asset % % % 100 Total