Question 4 Drego Ltd. sells vintage furniture and purchased some items in an estate auction: furniture and fixtures for the showroom (market value of $27,000 ); inventory for sale (market value of $45,000 ); and supplies (market value of $8,000 ). Drego paid $65,000 cash for the basket purchase. Required: Record the entry to recognize the furniture and fixtures, inventory, and supplies using the relative fair value approach