In motion upper t minus shirts pays $ 280 comma 000 for a group purchase of land, building, and equipment. at the time of acquisition, the land has a current market value of $ 217 comma 000, the building's current market value is $ 31 comma 000, and the equipment's current market value is $ 62 comma 000. prepare a schedule allocating the purchase price of $ 280 comma 000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. the business signs a note payable for the purchase price. prepare a schedule allocating the purchase price of $ 280 comma 000 to each of the individual assets purchased based on their relative market values, then journalize the lump-sum purchase of the three assets. the business signs a note payable for the purchase price. begin by preparing a schedule allocating the purchase price of $ 280 comma 000. market percentage (sales) of total cost of asset value market value each asset land % building % equipment % total 100 %