Diego Company paid $196,000 cash to acquire a group of items consisting of land appraised at $46,400 and a building appraised at $185,600. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Allocate total cost to these two assets. Prepare an entry to record the purchase. Journal entry worksheet Record costs of lump-sum purchase. Note: Enter debits before credits