Check my wa Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building, Land is appraised at $196,000, land Improvements are appraised at $98,000, and a building is appraised at $196,000 Required: 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places) Appraised Percent of Total Appraised Total Cost of Acquisition Apportioned Land improvements Building Prex 9 of 11 Next > 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. Transaction General Journal Debit Credit III Record entry Clear entry View general journal Prex 9 of 11 Next >