Question: A B C D LL E F 1 For $5,000,000 a company is buying land, a building, equipment, a patent, and inventories 2 The

A B C D LL E F 1 For $5,000,000 a company is buying land, a building, equipment, a patent, and inventories 2 The FMV of each is below: 3 Land 4 Building $2,000,000.00 $ 750,000.00 5 Equipment $ 800,000.00 6 Patent 7 8 $ 550,000.00 Inventories $ 900,000.00 9 10 Prepare the necessary journal entry to record this purchase assuming cash is paid. 11 12 13 14 15 G H

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