On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $571,400 for real estate plus $31,100 cash in closing costs. The real estate included land appraised at $238,290; land improvements appraised at $73,320; and a building appraised at $299,390.

	(a)	(b)	(c)
PPE Asset	Appraised Values	Ratio of Individual Appraised Value to Total Appraised Value (a) Total Appraised Value	Cost Allocation (b) Total Actual Cost

Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

Record the costs of lump-sum purchase.