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Part B (Ch. 7-9) Saved Help Save&Exit Rodriguez Company pays $335,000 for real estate plus $17755 in closing costs. The real estate consists of land appraised at $235,000; land improvements appraised at $70,500, and a building appralsed at $164500. Required: 1. Allocate the total cost among the three purchased 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 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Prev 1 of 14 Next >