5 Rodriguez Company pays $340,000 for real estate plus $18,020 in closing costs. The real estate consists of land appraised at $225,000; land improvements appraised at $75,000, and a building appraised at $200,000, Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. points Complete this question by entering your answers in the tabs below. 02 22:44 Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cout" answers to 2 decimal places) Appraised Value Porcent of Total Appraised X Total Cost of Acquisition Value Apportioned Cost Land Land improvements Building Totals $ 0.00 $ 0 0% Required 2 >