Riverwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: E (Click the icon to view the values.) Riverwood paid $380,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Land-Lot 1 Land-Lot 2 Land-Lot 3 Data Table To record depreciation on lots. To record purchase of the lots with cash. To record purchase of the lots with notes payable. To record sale of lots. Lot Lot 1 Lot 2 Lot 3 Appraised Value $ 216,000 120,000 144,000 Print Done