On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $555,800 for real estate plus $29,800 cash in closing costs The real estate included land appraised at $227,240; land improvements appraised at $59,800, and a building appraised at $310,960. PPE Asset Appraised Values (b) Ratio of Individual Appraised Value to Total Appraised Value (a) Total Appraised Value: (c) 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.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 April 12, 2023 Land 222,489 Land improvements 58,706 304,405 Building