Rodriguez Company pays $$321,165$ for real estate with land, land improvements, and a building. Land is appraised at $$212,000$; land improvements are appraised at $$79,500$; and the building is appraised at $$238,500.$

Allocate the total cost among the three assets.

Prepare the journal entry to record the purchase.

Complete this question by entering your answers in the tabs below.

Required $1$

Allocate the total cost among the three assets.

Note: Round your "Apportioned Cost" answers to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$ Total Cost of$],[$Acquisition$]],\backslash$table$[[=$ Apportioned$],[$Cost$]]],[$Land$,$$$,212,000,40\%,321,165,],[$Land improvements,,$79,500,15\%,321,165,],[$Building$,,238,500,45\%,321,165,],[$Totals$,$$$,530,000,100\%,,84,800\mathrm{.}00$