Problem 3 This is data from the Marjean Company: Accounts Receivable Inventory Fixed Assets $600,000 Accum Deprec 200.000 400,000 $100,000 Accounts Payable 80,000 Note Payable 30,000 150,000 400,000 Owners' Equity Burden Co. will buy Marjean Company for $1,200,000. They estimate the Accounts Receivable are worth $ 98,000, the Inventory is worth $90,000 and the Fixed Assets are worth $800,000. The Note Payable is interest only at 10% with the principal due 5 years from today. Current interest is 12%. Everything else is worth its book value. Prepare the journal entry for the purchase on Burden Co.'s books