Check my work Rodriguez Company pays $373,815 for real estate with land, land improvements, and a bullding. Land is appraised at $220,000; land improvements are appraised at $110,000; and the building is appraised at $220,000. 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned cost answers to 2 decimal places) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals 220,000 110,000 220,000 550,000 40% 20% 40% 100% x 373,815 * 373,816 * 373,815 $ 0.00 $ Required 2 > Check my work Rodriguez Company pays $373,815 for real estate with land, land improvements, and a building. Land is appraised at $220,000; land Improvements are appraised at $110,000; and the building is appraised at $220,000. 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. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places) View transaction list View journal entry worksheet General Journal Debit Credit No Transaction 1 Land Land improvements Building Cash