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Rodriguez Company pays $$321,165$ for real estate with land, land improvements, and a building. Land is appraised at $$212,000$; land improvements are appraised at $$79,500$; and the building is appraised at $$238,500.$

Allocate the total cost among the three assets.

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.

Note: Round your answers to $2$ decimal places.

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$\backslash$table$[[,$No$,$Transaction,General Journal,Debit,Credit$],[1,$A$,1,$Land,,$],[,,$Land improvements,,$],[,,$Building,,$],[,,$Cash,,$]]$

Reanired $1$