Logic Co$.$ recently negotiated a lump$-$sum purchase of several assets from a company that was going out of business. The purchase was completed on March $1,2023,$ at a total cash price of $$1,260,000$ and included a building, land, certain land improvements, and $12$ vehicles. The estimated market values of the assets were building, $$652,800$; land, $$462,400$; land improvements, $$68,000$; and vehicles, $$176,800.$ The company's fiscal year ends on December $31.$

Required:

Complete the following schedule to allocate the lump$-$sum purchase price to the separate assets that were purchased. Also present the journal entry to record the purchase.

$\backslash$table$[[,$Market Value,$\backslash$table$[[$Percentage of$],[$Total$]],\backslash$table$[[$Apportioned$],[$Cost$]],],[$Building$,,,\%,],[$Land$,,,,],[$Land improvements,,,,$],[$Vehicles$,,,,],[$Total$,,,\%,]]$