S7-3. (Learning Objective 2: Determining the cost of individual assets in a lump-sum purchase of assets) Farah Distribution Service pays $110,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $75,000, the building's current market value is $45,000, and the equipment's current market value is $30,000. Journalize the lump-sum purchase of the three assets for a total cost of $110,000. You sign a note payable for this amount