Task $1\mathrm{.}1$: Georgian Auto Body bought a shop from an existing business on June $15$ with cash. The purchase includes the land, building and all of the equipment inside. The total price of the purchase was

$$1500000.$ The fair market value for the land was $$800000.$ The fair market value for the equipment was $$400000.$ The fair market value for the building was $$600000.$

Calculate the cost allocation for this basket purchase based on the fair market values given.

Record the journal entry for this purchase.

$\backslash$table$[[$Journal $-$ Page $30],[\backslash$table$[[$Date$],[20--$