Little Cо repоrted the fоllowing bаlаnce sheet аmounts on 12/31/24: Balance Sheet Item Historical Cost Fair Value Assets Cash and Receivables $ 56,000 $ 37,000 Inventory 112,000 150,000 Land 41,000 27,000 Plant and Equipment 404,000 341,000 Less: Accumulated Depreciation (155,000) Patent 112,000 Total Assets $ 458,000 $ 667,000 Liabilities and Equities Accounts Payable $ 65,000 $ 70,000 Common Stock 180,000 Additional Paid-In Capital 12,000 Retained Earnings 201,000 Total Liabilities and Equities $ 458,000 Required: Mongo acquired Little’s assets and liabilities for $678,000 cash on 12/31/24. Give the entry that Mongo made to record the purchase. In preparing the journal entry(ies), you can either insert a box into the answer space with columns indicating debits and credits, or simply put some "....." ahead of each account that is to be credited. You will of course list debits first, followed by credits. e.g., Investment in Little 20,000 ........Cash 20,000