QS 8-3 (Algo) Lump-sum purchase of assets LO C1 Diego Company paid $182,000 cash to acquire a group of Items consisting of land appraised at $51,000 and a building appraised a $153,000. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Total Cost General Journal Allocate total cost to these two assets. Percent of Total Apportioned Cost Land Building Totals 0% S 0 Total Cost General Journal > QS 8-3 (Algo) Lump-sum purchase of assets LO C1 Diego Company paid $182,000 cash to acquire a group of Items consisting of land appraised at $51,000 and a building appraised at $153,000. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Total Cost General Journal Prepare an entry to record the purchase. View transaction list A Record costs of lump-sum purchase