Rizio Co, purchases a machine for $12,500, terms 2/10, 1/60, FOB shipping point. Rizio pold within the discount period and took the $250 discount Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building, Land is appraised at $157,040; land improvements are appraised at $58,890; and a building is appraised at $176,670, Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition - Apportioned Cont Land Land improvements Building Totals Required: Required 2 > Check my work Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040, land improvements are appraised at $58,890; and a bullding is appraised at $176,670 Required: 1. Allocate the total cost among the three assets, 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. View transaction list Journal entry worksheet Record the costs of lump-sum purchase Note Enter debits before credits General Journal Credit Transaction 1