Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Aodriguez Company pays \$331,695 for real estate with land, land improvements, and a buliding Land is appralsed at \$207,000; fand improwements ore appraised at $69,000; and the bulding is appralsed at $184,000. 1. Allocete the total cost among the three assets 2. Propare the journal entry to record the purctuse. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets Natei Round your "Apportioned Cost" arowers to 2 decmat places