Gulf Helicopters Company pays $342,225 for a factory that consists of a Building appraised at $220,000; a Machine appraised at $88,000; and Land appraised at $132,000. 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 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to the nearest dollar.) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost Building Machine Land Totals