Try another version of this question Everywhere Deliver Service paid $125,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $70,000, the building $44,000 and the equipment $28,000. Journalize the lump-sum purchase of the three assets for a total cost of $125,000, the amount for which the business signed a note payable. Note: When inputting a percentage value, do not include the % symbol, and round your percent answer to two decimal places (e.g.,50.346% would be 50.35). Use the rounded values for calculations throughout the assessment. Asset Market Value Percentage of Total Value X Total Purchase Price = Assigned Cost of Each Asset Land / = X = Building / = X = Equipment / = X = Total Date Description Debit Credit Asset Market Value Percentage of Total Value X Total Purchase Price = Assigned Cost of Each Asset Land 70000 70000 / 142000 = 49.3 X 125000 = 61619.718309859 Building 44000 44000 / 142000 = 30.99 X 125000 = 38732.394366197 Equipment 28000 28000 / 142000 = 19.72 X 125000 = 24647.887323944 Total 142000 125000 Date Description Debit Credit Land 61,619.72 Building 38,732.39 Equipment 24,647.89 Notes Payable 125,000.00