rodriguez company pays $315,000 for real

Rodriguez Company pays $315,000 for real estate plus $16,695 in closing costs. The real estate consists of land appraised at $184,500; land improvements appraised at $82,000; and a building appraised at $143,500. Required: 1. Allocate the total cost among the three purchased assets. 2. 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 purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total x Total Cost of Appraised Value Acquisition Apportioned Cost Land improvements Buding Totals