2 0.83 points eBook 101 Hint Print References Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. 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. Required 1 Required 2 Allocate the total cost among the three assets. Land Land improvements Building Totals Appraised Value S $ 157,040 58,890 176,670 392,600 Percent of Total Appraised Value 0

Rodriguez Company pays $395,380 for real estate with land, land improvements, and a bullding. Land is appraised at $157.040; fand improvements are appraised at $58,890, and the bultding is appraised at $176,670. 1. Allocate the fotal 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. Aliocate the total cost among the three assets