Book Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land Improvements are appraised at $75,000, and the building is appraised at $200,000. 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. Hint Required 1 Required 21 Pint Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Land Land improvements Building Totals Percent of Total Appraised Value Appraised Value Total Cost of Acquisition Apportioned Cost S 0 0% 0.00 Required 2>