Heto Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. Save & Eat 1 Return to Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $204,000, tand improvements are appraised at $51,000; and a buliding Is appraised at $255,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is not complete. 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 50% % Land Land improvements Building $ 270,000 81,000 * Total = Apportioned Cost of Cost Acquisition * 384 345$ 192,173.00 * 384,345 57.652.00 * 384,345 134,521.00 is 384,346.00 189,000 $ 540,000 15% 35% 100% Totals Required 2 > Next > 1 of 17 18 Prev