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Rodriguez Company pays $ 3 4 2 , 2 2 5 for real estate with land, land improvements, and a building. Land is appraised at

Rodriguez Company pays $ $342, 225$ for real estate with land, land improvements, and a building. Land is appraised at $ $255, 000$ ; land improvements are appraised at $ $102, 000$ ; and the building is appraised at $ $153, 000 .$

Allocate the total cost among the three assets.

Prepare the journal entry to record the purchase.

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