2 138 pointy eBoos Het Rodriguez Company pays $394,875 for real estate with land, land improvements, and a building. Land is appraised at $207,000; land Improvements are appraised at $92.000; and a building is appraised at $161,000 Required: 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. P Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places) Percent of Retal Appraised Value Appraised Value xTotal Cost of Acquisition -Apportioned Cost Land $ 207,000 304,075 $ 177.693.75 Land improvements Building 02.000 101 000 Tota $ 400000 20% $ 177.093 75 Required 2> Help