Question: On July 1 , 2 0 2 5 , Bramble Corporation purchased Young Company by paying $ 2 5 6 , 6 0 0 cash

On July 1,2025, Bramble Corporation purchased Young Company by paying $256,600

On July 1,2025, Bramble Corporation purchased Young Company by paying $256,600 cash and issuing a $102,000 note payable to Steve Young. At July 1,2025, the balance sheet of Young Company was as follows:
\table[[Cash,$51,800,Accounts payable,$202,500
cash and issuing a $102,000 note payable to Steve Young. At July

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