Try another version of this question Everywhere Deliver Service paid $132,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $75,000, the building $44,000 and the equipment $29,000. Journalize the lump-sum purchase of the three assets for a total cost of $132,000, 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 75000 75000 / 148000 = 50.68 X 132000 = 66891.891891892 Building 44000 44000 / 148000 = 29.73 X 132000 = 39243.243243243 Equipment 29000 29000 / 148000 = 19.59 X 132000 = 25864.864864865 Total 148000 132000 Date Description Debit Credit Land 66,891.89 Building 39,243.24 Equipment 25,864.86 Notes Payable 132,000.00