Novak Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2026 at a cost of $911,500. At December 31. 2025, the raw materials to be purchased have a market value of $863,400. In 2026, Novak paid $911,500 to obtain the raw mater lals which were worth $863,400. Prepare the entry to record the purchase assuming the company uses a periodic inventory system, Q.ist ali debit entries before credit entries. Crealit occount titles are automatically indented when amount is entered. Do not indent manualihy. If no entry is requilred, select "No entry for the occount titles and enter ofor the amounts)