= Homework: Chapter 7 Homework Question 2, 57-2 (similar... Part 1 of 2 HW Score: 0%, 0 of 14 points O Points: 0 of 4 Save Foley Distribution Service pays $280,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $77,500, the building's current market value 1 5186.000 and the equipment's current market value is $46,500. Prepare a schedule alocating the purchase price of $280,000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the tree assets. The business signs a note payable for the purchase price Asset Prepare a schedule alocating the purchase price of $280,000 to each of the individual assets purchased based on their relative market values, then journalize the lumpsum purchase of the three assets. The business signs a note payable for the purchase price Begin by preparing a schedule alocating the purchase price of $280,000. (Do not enter the sign wenn the input fields of the Percentage of Total Market column) Market (Sales) Percentage of Total Cost of Each Asset Value Market Value Land Building Equipment Total 100 Help Me Solve This Calculator Get More Help Clear All Check