Rodriguez Company pays $$331,695$ for real estate with land, land improvements, and a building. Land is appraised at $$198,000$; land improvements are appraised at $$88,000$; and the building is appraised at $$154,000.$

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 $1$

Required $2$

Allocate the total cost among the three assets.

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

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$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$Total Cost of$],[$Acquisition$]],\backslash$table$[[=$ Apportioned$],[$Cost$]]],[$Land$,,,,],[$Land improvements,,,,$],[$Building$,,,,],[$Totals$,,,,]]$