Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $347.490 for real estate with land, and improvements, and a building Land is appraised at $216,000, tand improvements are appraised at $48.000; and a building is appraised at $216.000 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 Required 2 Allocate the total cost among the threr assets. Round your "Apportioned Cost answers to 2 decimal places Aponad Value Percent of Total Apraised Total Cost of Acquisition Apportioned Cost 3 Land Land improvements Buiding Total 250.000 4.000 216,000 180.000 $ 0.00 Required 2 >