ut References Mailings Review View Help n contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing are out of date. Please sign in as he******@outlook.com so we can verify your subscription Sign In .. . .. ... ..2. .3.. .4 .5 . 6. 7 . LKS. LA JEUILLE Pinsker Company purchased several assets of a small business that is in the process of liquidating. Pinaker paid $600,000 for these assets, which consist of land, building and inventory. The fair values are given in the table below: Asset Proportion Allocation Calculation Allocated Cost | Land Building Inventory Total Fair Value $270.000 360,000 90.000 $720.000 1. Compute the allocated cost for the assets acquired in the table above the computation for land is given - compute the rest) 2. Prepare the journal entry to record the purchase of the assets, assuming $200,000 was paid in cash and an interest-bearing note was issued for the balance. Exercise Si Nencash Acquisition - Issuance of Stack Arcement Inc. purchased a copyright by imung 3.000 shares of $1 par common stock. The stock was selling for $40 per share on the date of the exchange Prepare the journal entry for the purchase of the copyright Foo