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Rodriguez Company pays $321165 for real estate with land, land improvements, and a building. Land is appraised at $196,000; land Improvements are appraised at $49,000; and the building is appraised at $245,000. 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition - Apportioned Cost $ Land Land improvements Building Totals 196,000 49,000 245,000 490,000 $ 0% 0.00 Required 2 > Rodriguez Company pays $321165 for real estate with land, and improvements, and a building. Land is appraised at $196,000; land Improvements are appraised at $49,000, and the building is appraised at $245,000. 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. 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 Debit Credit Transaction General Journal