Rodriguez Company pays $321,165 for real estate with land, land improvements, and a building. Land is appraised at $164,000; land improvements are appraised at $41,000; and a building is appraised at $205,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value 50% X x Total Cost of Acquisition = Apportioned Cost $ 164,000 x 321,165 Land Land improvements Building 41,000 10% x 321,165 40% Xlx 321,165 205,000 410,000 Totals $ 100% $ 0.00 Rodriguez Company pays $321,165 for real estate with land, land improvements, and a building. Land is appraised at $164,000; land improvements are appraised at $41,000; and a building is appraised at $205,000. Required: 1. Allocate the total cost among the three 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 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal General Debit Credit Record entry Clear entry View general journal