USE THE FOLLOWING INFORMATION:

Motown Corporation purchases the following assets in a lump sum purchase signing a note payable with the bank.

$\backslash$table$[[$Total Purchase Price,$1,987,500,$Fair$],[$Book$],[$Asset$,$Book,,Value$],[$Accounts Receivable,$$,354,000,$$$,354,000],[$Property$,$ Plant & Equipment,$$1,050,000,$$$,1,200,000$