Rodriguez Company pays $$389,610$ for real estate with land, land improvements, and a building. Land is apraised at $$184,500$; land improvements are appraised at $$61,500$; and the building is appraised at $$164,000.$

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.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$Total Cost of$],[$Acquisition$]],\backslash$table$[[=$ Apportioned$],[$Cost$]]],[$Land$,$$$184,500,,389,610,],[$Land improvements,$61,500,,389,610,],[$Building$,164,000,,389,610,],[$Totals$,$$$410,000,,,$$