SheffieldCorporation purchased the net assets of Sunland Corporation on January 2, 2020 for $ 666,400 and also paid $ 23,800 in direct acquisition costs. Sunland s balance sheet on January 1, 2020 was as follows: Accounts receivable-net $ 214,200 Current liabilities $ 83,300 Inventory 428,400 Long term debt 190,400 Land 47,600 Common stock ($1 par) 23,800 Building-net 71,400 Paid-in capital 511,700 Equipment-net 95,200 Retained earnings 47,600 Total assets $ 856,800 Total liab. & equity $ 856,800 Fair values agree with book values except for inventory, land, and equipment, which have fair values of $ 468,400 , $ 57,600 and $ 85,200 , respectively. Sunland has patent rights valued at $ 23,800 . Prepare Sheffield s general journal entry for the