1 Check my work Exercise 10-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $331,695 for real estate with tand, and improvements, and a building. Cand is approuted at 5188,000, tand improvements are appraised at $70,500, and a building is appraised at $211.500. Required: 1. Allocate the total cost among the three assets, 2. Prepare the journal entry to record the purchase 5.88 DO book Complete this question by entering your answers in the tabs below. Required: required 2 Allocate the total cost among the three assets. (Round your apportioned Cost answers to 2 decimat lacus.) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition - Apportioned Cost Land Land improvements