(Learning Objective 1: Measure and record the cost of individual assets in a lump-sum purchase of assets) Advanced Automotive pays $210,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $66,000, the building’s current market value is $22,000, and the equipment’s current market value is $132,000. Journalize the lump-sum purchase of the three assets for a total cost of $210,000. The business signs a note payable for this amount.