On April 12, 2020, Prism Ltd., a camera lens manufacturer, paid cash of $554,600 for real estate plus $29,700 cash in closing costs. The real estate included land appraised at $232,830; land improvements appraised at $65,670; and a building appraised at $298,500. (a) (b) Ratio of Individual Appraised Value to Total Appraised Value (a) * Total Appraised Value (c) Cost Allocation (b) * Total Actual Cost Appraised Values PPE Asset 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 Record the costs of lump-sum purchase. Note: Enter debits before credits General Journal Debit Credit Date April 12, 2020 Record entry Clear entry View general journal