Rodriguez Company pays $$395,380$ for real estate with land, land improvements, and a building. Land is appraised at $$157,040$; land improvements are appraised at $$58,890$; and the building is appraised at $$176,670.$

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.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised Value$]],\backslash$table$[[$ Total Cost of$],[$Acquisition$]],=$ Apportioned Cost$],[$Land$],[$Land improvements$],[$Building$],[$Totals$,$$$,0\%,,$$