Ch 8 Homework 2 2 poets Seved Itranscript Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is appraised at $189.000, land improvements are appraised at $42,000; and the building is appraised at $189,000 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Complete this question by entering your answers in the tabs below. Hint Pent References Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Mc Graw Hill Land Land improvements Building Totals Appraised Value Percent of Total Total Cost of Apportioned Appraised Value Acquisition, Cost 0 0% $ 0.00 Required t Required 2 > < Prev 2 of 11 Next > Help