Sealise Corporation purchased land, a building, and equipment for a total cost of $\$ 450,000$. After the purchase, the property was appraised. Fair market values were determined to be $\$ 120,000$ for the land, $\$ 280,000$ for the building, and $\$ 80,000$ for the equipment. Given these appraisals, record the purchase of the property by Sealise Corporation.