On April 12, 2017, Prism Ltd, a camera lens manufacturer, paid cash of $552,375 for real estate plus $29,400 cash in closing costs. The real estate included land appraised at $249,480; land improvements ap- praised at 883,160; and a building appraised at $261,360. Prepare a calculation to show the allocation of the total cost among the three purchased assets and present the journal entry to record the purchase