Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $208,000, land improvements are appraised at $52,000; and a building is appraised at $260,000 Required: 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 Cost" answers to 2 decimal places.) Appraised Percent of Total x Total Cost of Appraised = Apportioned Value Value Acquisition Cost Land Land improvements Building Totals Help Sav 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.) View transaction list Journal entry worksheet 1 of 6