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5 mation applies to the questions displayed below.) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,660,000. Harding paid $805,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $851,000; Building, $2,530,000 and Equipment. $1,679,000. (Round percentages to two decimal places: le .054 -5%). 3 What journal entry would be used to record the purchase of the above assets? Multiple Choice Land Building Equipment Cash Notes payable 452,200 1,330,000 877,800 885,000 1,855,000 Land Building Equipment Cash Notes payable Gain on purchase of long-term assets 851,000 2,538,888 1,679,000 1,855,000 805,000 2,400,000 Land Building Equipment Cash 851,000 2,530,000 1,679,000 5,868,000 Land Building Equipment Cash Notes payable 851,000 2,530,000 1,679,000 895,000 4,255,000 MacBoo