Solar Energy Consulting paid $150,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $80,000, the building $18,000, and the equipment $32,000. Journalize the lumpsum purchase of the three assets for a total cost of $150,000, the amount for which the business signed a note payable. (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 Building Equipment Notes Payable To record purchase of the assets with note payable 76,000 44.000 31,000 150,000 or