Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $384 345 for real estate with land, land improvements, and a building Land is appraised at $270,000, land Improvements are appraised at $81,000, and the building is appraised at $189,000 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 Coat" answers to 2 decimal places) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost S 15% Land Land improvements Building Totals 270,000 81.000 189.000 540.000 384,345 * 384 345 384 345 $ 15% s 0.00 Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building Land is appraised at $270,000, land improvements are appraised at $81,000, and the building is appraised at $189,000 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 v Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet No Transaction General Journal Debli Credit A 1 Land Land improvements Building Cash