On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $557,000 for real estate plus $29,900 cash in closing costs. The real estate included land appraised at $221,630; land improvements appraised at $89,850; and a building appraised at $287,520. (b) PPE Asset (a) Appraised Values (c) Ratio of Individual Appraised Value to Total Appraised Value (a) Total Appraised Value Cost Allocation (b) x 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.)