Exercise 10-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $234.000; land improvements appraised at $78.000; and a buiteling appraised at $208,000, Required: 1. Allocate the total cost among the three purchased 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 purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total x Total Cost of Appraised Value Acquisition - Apportioned Cost Land Land improvements Building Totals Required Required 2 > 1. Allocate the total cost among the three purchased 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.) 19:33 View transaction list OK ices Journal entry worksheet 1 Record the costs of lump sum purchase. Note: Enter debits before credits Transaction General Journal Debit Credit 1