Rodriguez Company pays $$368,550$ for real estate with land, land improvements, and a building. Land is appraised at $$198,000$; land improvements are appraised at $$66,000$; and the building is appraised at $$176,000.$

Allocate the total cost among the three assets.

Prepare the journal entry to record the purchase.

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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$[[$x Total$],[$Cost of$],[$Acquisition$]],\backslash$table$[[$Apportioned$],[$Cost$]]],[$Land$,$$$198,000,45\%,368,550,],[\backslash$table$[[$Land$],[$improvements$]],66,000,15\%,368,550,],[$Building$,176,000,40\%,368,550,],[$Totals$,$$$440,000,100\%,,$$