On April 12, 2023, Prism Ltd., a camera lens manufacturer, paid cash of $573,800 for real estate plus $31,300 cash in closing costs. The real estate included land appraised at $226,810; land improvements appraised at $61,300; and a building appraised at $324,890. (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