Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $335,000 for real estate plus $17,755 in closing costs. The real estate consists of land appraised $198,000; land improvements appraised at $88,000; and a building appraised at $154,000. 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 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 ofApportioned Acquisition Appraised Value Cost Land Land improvements Building Totals Required 1 Required 2> Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit