N Help mility Op Url=21 Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $243,000, land improvements appraised at $54,000, and a building appraised at $243,000. e 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 answer is the the below. ervices - arvices 01 Jewe. Required Required 2 Prepare the journal entry to record the purchase Round your answers to 2 decimal places) hoice Ape az oo View transaction list charges Journal entry worksheet - Email by Jobs Record the cost of lumpsum phase Note: Enter den before General Journal Debit Credit Record entry Clear entry View general Journal