1 On April 12. 2020, Prism Ltd, a camera lens manufacturer, pald cash of $553,400 for real estate plus $29,600 cash in closing costs The real estate included and appraised at $238,400; land improvements appraised at $71,520, and a building appraised at $286,080 (a) (b) (c) ratio of Individual Appraised value to Appraised Cost Allocation Total Appraised Value (b) * Total Actual Values () Total Appraised Value Cost PPE Asset po 8010 Present the journal entry to record the purchase (Do not round Intermediate calculations. Round the final antwers to the nearest whole dollar)