1 Saved Help Save & Exit Submit Check my work 10 points Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $410.670 for real estate with land, land improvements, and a building. Land is appraised at $216,000; land improvements are appraised at $96.000; and the building is appraised at $168,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Ask Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Print Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Land $ 216,000 45% Land improvements 96,000 20% 410,670 x410,670 References Building Totals 168.000 35% x410,670 $ 480,000 100% 0.00 Required Required 2 >