Yell Company made a lump sum purchase of an office building,including the land and some fixtures,for cash of $160,000.The tax assessments for the past year reflected the following: Land,$22,500; Building,$58,500; and Fixtures,$9,000.Complete the following entry for the acquisition:

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The Answer of Yell Company made a lump sum purchase of an office building,including the land and some fixtures,for cash of $160,000.The tax assessments for the past year reflected the following: Land,$22,500; Building,$58,500; and Fixtures,$9,000.Complete the following entry for the acquisition:

Yell Company Made a Lump Sum Purchase of an Office