Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $379,080 for real estate with land, Land improvements, and a building. Land is appraised at $270,000; land improvements are appraised at $54,000; and the building is approised at $216,000 1. Alocate the total cost among the three assets 2. Prepate the journal entry to record the purchase. Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $379,080 for real estate with land, land improvements, and a building. Land is appr improvements are appraised at $54,000; and the building is appraised at $216,000. 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. Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. repare the journal entry to record the purchase. (Round your answers to 2 decimal places.) Journal entry worksheet Note: Enter debits before credits