On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $553,400 for real estate plus $29,600 cash in closing costs. The real estate included land appraised at $238,400; land improvements appraised at $71,520; and a building appraised at $286,080. (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.)