6 3 points Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $207,000; land Improvements are appraised at $69,000; and the building is appraised at $184,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) No Transaction A 1 Land Land improvements Building General Journal Cash 6 Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $207,000; land improvements are appraised at $69,000; and the building is appraised at $184,000. 1. Allocate the total cost among the three assets. 3 2. Prepare the journal entry to record the purchase. points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition Apportioned Cost Land Land $ 207,000 45% 368,550 $1,685,498.00 improvements 69,000 15% 368,550 Building 184,000 40% O 368,550 Totals $460,000 100% 552,833.00 1,474,220.00 ( $ 3,712,551.00