Exercise 10-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $410,670 for real estate with land, and improvements, and a building Land is appraised at $192.000; Lond Improvements are appraised at $72,000; and a building is appraised at $216.000. 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 Required? Allocate the total cost among the three assets. (Round your "Apportioned cost antwurs to 2 decimal places) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition -Apportioned Cost Land Landrovement Buding Total 192.000 72.000 216.000 400.000 4040 15 45 100% 410670 410,670 410,670 S 5 000 Required 2 > Journal entry worksheet