On July $1,2023,$ Marigold Corporation purchased the net assets of Soorya Company by paying $$444,000$ cash and issuing a $$49,200$ note payable to Soorya. At July $1,2023,$ the statement of financial position of Soorya was as follows:

The recorded amounts all approximate current values except for land $($worth $$58,400),$ inventory $($worth $$127,800),$ and trademarks $($worthless$).$ The receivables are shown net of an allowance for expected credit losses of $$12,000.$ The amounts for buildings, equipment, and trademarks are shown net of accumulated amortization of $$19,000,$$$27,000,$ and $$49,000,$ respectively.

$($a$)$

Prepare the July $1,2023$ entry for Marigold to record the purchase. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$