Rodriguez Company pays $$368,550$ for real estate with land, land improvements, and a building. Land is appraised at $$215,000$; land improvements are appraised at $$43,000$; and the building is appraised at $$172,000.$

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 $1$

Allocate the total cost among the three assets.

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