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. (a) (b) Ratio of Individual Appraised value to Total Appraised Value (a) + Total Appraised Value (c) Cost Allocation (b) * Total Actual Appraised Values PPE Asset Cost Present the journal entry to record the purchase. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 > Record the costs of lump-sum purchase. Note: Enter debits before credits. Date General Journal Debit Credit April 12, 2020