Exercise 10-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $400,140 for real estate with land, land improvements, and a building. Land is appraised at $234,000; land Improvements are appraised at $104,000; and the building is appraised at $182,000. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Land Land improvements Building Totals Appraised Value Percent of Total Total Cost of Appraised Value Acquisition - Apportioned Cost $ 0 0% $ Required 1 0.00 Required 2 > Compicte as quesov vy CIRCny your aISCES IN HIC LOUS UCIUW Required 1 Required 2 Prepare the journal entry to record the purchase. Note: Round your answers to 2 decimal places.. View transaction list Journal entry worksheet < A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit