Required information [The following information applies to the questions displayed below.] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $102,000 by paying $37,000 eash and signing a $65,000 note due in two yeari. In its accounting system, the company records the vehicle distinct from other types of equipent. January 8 After the bun was used for nearly one week, it wan painted with the logon of the two bands at a cont of $500, on account. The logon did not increase the lifenpan, operating capacity, or operating effieiency of the bus, but they were thought to be uneful in promoting the bands. January 30 Wrote a check for the amount owed on account for the work cospleted on January 8. rebruary 1 Purehased new speakers and anplifiers and wrote a check for the fu11 $37,500 cost. February 8 Paid 5400 eash for minor repairs to the tour bus. Mareh 1 paid $37,000 eash and signed a $275,000 five-year note to purehase a amall oftice building and land. An apprainal indicated that the building and land contributed equally to the total price. March 31 Paid $96,000 eanh to acquire the goodvil1 and certain tanglble assets of Kria Myth, Incorporated. The fair values of the tangible assets acquired were $22,000 for band oquipaent and 560,000 for recording equipment. 1-a. Compiete the following accounting equation tabie for the above iransections. TiP. Goodwitl is recorded as the excess of the purchase price over the fair value of individual assets. (Enter any decresses to Assets, Habllities, or Stockholders' Equlfy with a minus sign)